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.
SNEC: Trade case uncertainty further depresses investment
As the 2013 SNEC tradeshow closes its doors in Shanghai, uncertainty over the EU trade case and lack of cash flows remain major impediments to investment and innovation. New business opportunities in emerging markets are also seen as vital for manufacturers as SNEC proves to be a meeting point for the Asian-Pacific PV industry.
Gehrlicher secures 85 million in financing as it seeks to expand international operations
Germanys Gehrlicher Solar AG has received 85 million in financing for another two years from an international group of banks led by BayernLB.
LDK posts US$1.05 billion net loss in 2012; signs 500 MW supply contract
Debt-ridden LDK Solar has recorded an enormous 2012 net loss totaling US$1.05 billion, significantly up from the $608.95 loss seen in the previous year. Meanwhile, it has signed a wafer supply agreement worth 500 MW with Shandong-based Realforce Power.
Solar power rises in Japan with plans for 636 MW by 2015
Japans corporate giants are establishing major new solar projects in the country, with 636 MW planned by 2015. Japan Asia Group, Nippon Paper, Toyota and Mitsubishi are among the active players in the countrys booming solar market.
EU AD duties on Chinese PV imports: A turning point for China?
Henning Wicht, principal PV analyst at IHS Solar, talks to pv magazine about the possible effects average AD duties of 47% on Chinese PV imports will have on prices, investors’ business models, Chinese manufacturers, EPC players; and trade relations in Europe, China and beyond.
SMA sees revenue drop nearly 50% in Q1
Germanys SMA Solar Technology reported a 47.6% drop in sales to 212.3 million in the first three months of the year as the company struggled with subsidy cuts in major markets, the still unresolved debt crisis and the possibility of punitive duties on Chinese modules in Europe.
Symbior Energy plans 190 MW of PV in Thailand
Symbior Energy aims to install 190 MW of photovoltaics in rural Thailand by 2014. A spokesperson for Armstrong additionally reveals more details of Symbiors 30 MW partnership with Armstrong Asset Management.
Aleo Solar posts sharp drop in sales
In the first three months of this year the Bosch subsidiary suffered an almost 60% decline in sales compared with 2012. EBIT loss even nearly doubled and increased to more than 16 million.
SNEC: Changing face of Chinese PV market
The second day of the SNEC tradeshow drew to a close today in Shanghai with challenges of the Chinese photovoltaic market and its changing nature becoming clear. A foggy day greeted attendees and the opaque nature of the Chinese downstream market was evident.
