Gehrlicher Solar sunk by termination of $110 million bank loan
German photovoltaic group Gehrlicher Solar AG said on Tuesday that its decision to file for insolvency on Friday was prompted by the termination of a $109.5 million loan by a banking consortium. The company added that its subsidiaries Gehrlicher Solar America and Gehrlicher Solar Management remain unaffected by the move.
Berlin, Beijing resolve polysilicon dispute
In a conciliatory sign towards Germany that is sure not to be lost on EU trade minister Karel De Gucht, China has rejected punitive tariffs on European polysilicon imports.
Greece is the word for Chinese manufacturers
Chinese solar PV manufacturers are eyeing a possible move to Greece in an effort to mitigate the impact of EU anti-dumping tariffs. Chinese operations at the Port of Piraeus in Athens could help.
June stock report: The EC and China try to cut a deal
Solar equities investors are trying to navigate turbulent waters as uncertainty clouds the way to long-term safety and security.
China Sunergy sees first-quarter revenue increase
China Sunergy saw revenue rise 13.4% in the first quarter of 2013 as it continued to expand operations in emerging markets. The company is aiming for a return to net profit in 2013.
Goldpoly, Clenergy, CGN expand domestic activity in China
Goldpoly New Energy Holding Ltd. has joined the 100 MW club by bringing online two PV projects totaling 110 MW this month in Gansu and Fujian, while Clenergy and CGN are partnering on 118 MW projects in Yunnan.
SMA braces for hefty drop in revenue
Executives at German inverter manufacturer SMA have said that second quarter revenue will likely fall from 429 million a year ago to between 240 million and 280 million. The company continues to grapple with decreased demand, price drops and a general decline in business.
Intersolar Europe: no boom but surpassing expectations
Attendees at Intersolar Europe in Munich were upbeat on the final day trade show and praised the quality of this years event and the large crowds of visitors the decline in exhibitors. Uncertainty over EU tariffs remained palpable in the exhibition halls, however, with leading Chinese manufactures reportedly cutting production by as much as 50%.
First Solar makes $427.7 million from capital increase
First Solar has earned some $427.7 million following a capital increase in which it offered 9,747,000 shares of its common stock. It will use the fresh capital for acquisitions and expansion into new territories.
Intersolar Europe: tariffs to hit hard as questionable strategies emerge
Chinese companies are employing strategies to circumvent anti-dumping tariffs, such as exporting products to Croatia, according to industry sources at Intersolar Europe.
