Centrosolar applies for creditor protection
The German PV manufacturer has applied for a protective shield at a local Hamburg law court in order to protect the company from anticipated creditor demands during a restructuring process.
Petition filed to force Suntech into bankruptcy in the US
A petition has been filed by bondholders on Monday to force module manufacturer Suntech into involuntary bankruptcy in the U.S. The bondholders who hold about US$580,000 in bonds in the financially-troubled company are seeking to place Suntech under the Chapter 7 bankruptcy code.
1366 Technologies raises $15 million for solar wafer plant
The Massachusetts, U.S.-based company received the backing in a Series C financing round led by Japan’s Tokuyama Corp. The money will be invested in a plant capable of manufacturing 250 MW of solar cells a year.
Positive first year for Hanwha Q Cells
Module manufacturer Hanwha Q Cells has completed its first year of operations with ramped up production capacities and reduced production costs. The company is now aiming for positive full-year figures for 2014.
IHS cuts global inverter market forecast in face of dramatic price drops
Despite enjoying a 7% increase in shipments in 2013, the solar inverter market will contract by 9% as manufacturers are forced to lower their prices as competition increases and demand falls.
CSUN realizes first 'Made in Turkey' modules
The Chinese solar manufacturer has begun production in Turkey, realizing a 66 kWp system at a school in the nations largest city, Istanbul.
Walmart and Costco top commercial solar users in US, SEIA study finds
The Solar Energy Industries Association (SEIA) in the U.S. publishes its latest Solar Means Business report, finding that the country’s two largest retailers are committed to solar power.
Centrosolar Glas must declare insolvency
Just in May the glass division of the German PV company Centrosolar Glas was taken over by Belgian competitor Ducatt. Now it seems that talks about future financing have fallen through. It is business as usual though meantime, despite the loom of insolvency.
European Commission seeks EUR 2.3 million adjustment fund for Germany's redundant former First Solar employees
If approved, the monies would be taken from the European Globalisation Adjustment Fund (EGF) to help 875 former First Solar employees in Germany re-intregrate into the job market.
Gehrlicher Solar's search for investors continues
The US subsidiary of the photovoltaic company Gerhrlicher Solar has already been sold. But the German company is now in insolvency proceedings. Operation and maintenance businesses will initially still carry on though.
