SolarWorld delays release of 2012 financial figures
SolarWorld AG has delayed the release of its Q4 and FY 2012 financial report while it continues to work on a restructuring plan. Görg law firm and Houlihan Lokey investment bank have been brought in to help.
Update: Rumors rife that Suntech unit will file for bankruptcy
Speculation is mounting that the Wuxi Suntech Power Company unit of Suntech Power Holdings Company Limited will file for bankruptcy protection this month. The company has declined to comment. Update: Suntech has announced a preliminary solution with its bondholders.
APAC to account for 11 GW of PV demand
The Asia-Pacific (APAC) region is forecast to account for 11 of the expected 31 GW of photovoltaic demand in 2013, according to NPD Solarbuzz. China is expected to compensate for a demand decrease in Germany. Meanwhile, supply chain fragmentation is set to continue.
Canadian Solar: Bad debts and arbitration hit the accounts
The key number in the fourth quarter and full year figures released by Canadian Solar is the company’s general and administrative expenses which, the company says, unfairly skew perceptions of its performance in 2012.
Malaysia introduces new PV FIT degression rates
The Malaysian Ministry of Energy, Green Technology and Water has announced new degression rates for photovoltaic technology under the Malaysian FIT mechanism. Further changes to the FIT system have also been announced.
India: Same again for Karnataka round two
The Indian state of Karnataka has announced the second round of allocations under its solar policy and is seeking to generate 130 MW of projects to follow on from last year’s 80 MW.
Germany: Consensus for fundamental EEG reform
The German Federal Environment Minister wants a fundamental reform of Germany’s renewable energy law, or EEG. His ideas received wide support at a meeting between the German Chancellor, ministers and associations.
US: SolarCity adds photovoltaic customers but losses widen
SolarCity’s impressive new customer numbers and MW deployment figures fail to mask the fact the California-based solar company’s losses widened in a tough 2012.
Hemlock claims against Deutsche Solar for alleged breach of contract
U.S. polysilicon manufacturer Hemlock Semiconductor has lodged a claim against Deutsche Solar GmbH, claiming it has breached four long-term commitments to purchase polysilicon from the Michigan-based company.
US leads China in solar exports
Bring it on! The United States doesnt know its own strength when it comes to competition with China, according to a report just released by the Washington, DC-based Pew Research Center. And that holds especially true in the high-profile, ultra-competitive photovoltaic market sector.
