Centrotherm Photovoltaics AG has received a new lease on life after a German court approved the companys debt-for-equity plan, which will save some 900 jobs.
Tie up between Neo Solar and DelSolar makes new company the second largest cell and module manufacturer in the world as prices and shipment levels rise thanks to the EU-China trade wrangle.
Chinese solar manufacturer Canadian Solar has announced the signing of an RMB270 million (US$40 million) loan facility to build a 30 MW solar project in western China as it continues its downstream focus.
Trina Solar Limited has provided Spanish PV group Prosolia Energía with 10.5 MW of PV modules for two projects in the U.K. as the two companies look to continue their collaboration.
The Alliance for Affordable Solar Energy (AFASE) is now gathering signatures against the impending EU anti-dumping duties on Chinese solar modules. This petition is a last minute attempt to stop the penalties. EU ProSun has now released a statement calling the action a “panic-maker”.
Empower Energies, U.S-based renewable portfolio solution provider, has appointed Jigar Shah, the founder of SunEdison and the first CEO of the Carbon War Room, as one of its Board of Directors.
The Japanese postal service has announced it will join the ‘Abenomic’ revolution by installing solar PV on the rooftops of 286 post offices across the nation.
Projects totaling 166 MW have been submitted just a few days after the opening of Uruguays photovoltaic call for tender. The program for large-scale projects has a cap of 200 MW of photovoltaic at a maximal price of US$91.50 MWh.
Due to converging supply and demand, the solar industry is all set for a quick rebound. According to the new findings released by Lux Research, the global module capacity will fall to about 58 GW in 2015 and module margins will increase to 10% from the current near-zero averages.
In May, the New York solar equities market took a page from the parable, “The Emperors New Clothes.” While investors reacted swiftly to favorable company reports – propelling those stocks prices higher (as in the case of JA Solar) and taking others along for the ride – analysts examining the fundamentals saw little or nothing to recommend.
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