Singyes Solar figures tell story of a dramatic year in Chinese solar
The PV project developer and BIPV manufacturer has seen a glowing set of first-half figures published last year become a nightmare of lost income, debt defaults and frozen bank deposits. All eyes now turn to the business’ high court date on Wednesday.
Singyes wants creditors to vote on debt reorganization in November
The solar developer today announced it will seek permission from the relevant legal authorities in Bermuda – the low-tax haven where it is registered – and Hong Kong, where it is listed, to hold a meeting to present creditors with a rescue plan they can vote on.
Singyes winding-up petition is put back
Deutsche Bank’s attempt to shut down the Chinese solar developer and BIPV maker, due to be heard this morning, has been adjourned for two weeks.
Who has won contract for Indonesia’s controversial floating PV project?
The government was forced to hold a tender for the 200 MW Cirata Dam scheme after originally awarding the deal to UAE developer Masdar. With August 19 named as the date to announce the auction results, nobody is any the wiser as yet.
South Africa’s water-energy nexus leaves room for improvement
A team of researchers modeled the country’s energy future, finding that the drought plagued municipalities could benefit massively from large scale renewables deployment. The current reliance on coal-fired power stations causes immense water consumption, worsening the problem.
ABB called out by UK Solar Trade Association over quality and customer support
The STA has warned Italian company Fimer, which is set to acquire Swiss company ABB’s inverter business, it will have to honor customer service commitments made to its British members, and voiced fears related to historic quality issues with ABB inverters.
Solibro restructuring plan will depend on shareholders
The District Court of Dessau-Roßlau yesterday confirmed self-administered insolvency proceedings have been conducted at the German thin-film CIGS module manufacturer and a provisional administrator has been appointed.
Singyes Solar shares suspended as it misses first-half results deadline
The embattled solar manufacturer – which is facing a winding-up petition lodged by Deutsche Bank Hong Kong – says it failed to publish the six-month update by the weekend because of a delay in producing its annual results for last year.
Trump ratchets up tariffs on Chinese products – including batteries
While the damage is largely done for cells, modules and inverters, increased tariffs on U.S. module components and 15% measures on lithium-ion batteries are not good news for either sector.
Canada extends trade measures against Chinese metal silicon
With the anti-dumping and countervailing duties imposed in November 2013 set to expire nine months ago, the Canadian International Trade Tribunal has extended them for another five years, ruling their expiry would harm the nation’s only domestic manufacturer.
