Suntech Singapore facing financial sanctions after payment default
The Singapore arm of Suntech Power Holdings Co., Ltd. has also had its equity interest in a core subsidiary frozen by Shanghai’s People’s Court as liquidators move in.
Belectric, DAW partner on integrated organic PV products
The PV group is working with German coating specialist DAW to develop organic PV construction elements that form part of buildings, which they describe as “the next step” in solar technology.
Wacker strikes polysilicon deal with Chinese government
The amicable solution reached with the Chinese Ministry of Commerce ensures Wacker’s minimum import prices are based on market levels. MOFCOM will refrain from applying punitive tariffs.
Manz refines its CIGS fab
After a three-year R&D program, the German solar company has finalized its new fab, which promises to reduce CIGS manufacturing costs by 10%.
Yingli Solar shipped 3.2 GW of PV modules in 2013
Financial results released today reveal the solar company increased its shipments by 40.8% last year, cementing its place as the world’s leading module supplier.
Second delay for Shunfeng-Suntech acquisition
Investors hit by a profit warning last month are given fresh cause for concern. Shunfeng has now pledged to reveal details of the acquisition on Friday.
Baoding Tianwei pledges to make July payment
The prime candidate to follow Chaori Solar into a Chinese default insists it will meet its obligations over a 2018 note. But brokerage has voiced concerns about Tianwei’s ability to roll over its bank loans.
Iowa raises solar tax credits
As investors contemplate the eventual expiration of the federal investment tax credit, the state of Iowa has raised the credits available for residential and business installations. Minnesota has prepared America’s first methodology for calculating a solar tariff.
Texas utility secures rock-bottom price for solar
Under the unprecedented agreement between Austin Energy and SunEdison, the utility will buy solar power for less than $0.05 per kilowatt hour.
Loop Solar targets 3 GW off-grid market
Indian solar lamp supplier Loop Solar says the country’s off-grid solar lighting market will explode over the next five years. The company says the market will grow despite, rather than because of, a federal incentive scheme.
