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Centrosolar bond holders approve conversion deal Centrosolar Group AG’s creditors have overwhelmingly agreed to swap outstanding debt from a €50 million bond for 5.5 million newly issued shares in the German PV company.
pv magazine
May 20, 2013
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Brazil receives request for 392.4 MW of PV Thirteen requests for regulatory authorization to develop and operate photovoltaic plants worth a total of 392.4 MW have been received last week, according to Brazil’s national electricity regulator.
pv magazine
May 20, 2013
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EU leaders seek to lower energy prices The European Union looks set to meet business demands by revamping its energy and climate policy in order to lower the price of energy and boost employment and growth. Critics warn, however, that appeasing big industry could mean higher prices for private consumers.
pv magazine
May 20, 2013
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Siemens study shows Europe can save billions in renewables pursuit Power generation solutions provider Siemens has released a study analyzing electrical power producing systems, especially renewable power plants, in Europe, and has identified the potential for optimization. Project siting has been cited as the key factor to reap savings; savings to the tune of €45 billion.
Shamsiah Ali Oettinger
May 16, 2013
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Applied Materials reports losses in energy and environmental solutions segment PV equipment manufacturer Applied Materials has posted its second quarter results for the fiscal year 2013. The Energy and Environmental Solutions (EES) segment recorded a GAAP operating loss of US$322 million, inclusive of impairment charges of $278 million.
Shamsiah Ali Oettinger
May 16, 2013
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EU: Big discrepancy expected between provisional and final AD solar duties The EU anti-dumping Committee met on Wednesday to discuss the EUÂ’s CommissionÂ’s plans to impose AD duties on Chinese solar imports of an average 47%, but no results were reached. The EU member states now have until May 24 to deliver their comments. EU sources say that there will be considerable discrepancy between the provisional AD import duties and the definitive decision on duties due in December.
pv magazine
May 16, 2013
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JA Solar repays bonds Chinese PV manufacturer JA Solar has repaid the US$119 million for convertible bonds that was due May 15. The company has stated that it remains commited to meeting all debt obligations to protect the interests of stakeholders.
Shamsiah Ali Oettinger
May 16, 2013
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U.S. added 33 MW of new solar in April 17 MW Yuma project the pick of nine new and expanded solar installations as U.S. reaches a cumulative 5.14 GW of generation capacity.
pv magazine
May 16, 2013
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Power-One shareholders sue ABB Swiss power and automation technologies giant ABB announced on April 22 the acquisition of inverter manufacturer U.S. Power-One. But shareholders of the American company are claiming that the US$1 billion sale price is too low. On Tuesday they filed a class action against ABB.
pv magazine
May 16, 2013