Update: Rumors rife that Suntech unit will file for bankruptcy
Speculation is mounting that the Wuxi Suntech Power Company unit of Suntech Power Holdings Company Limited will file for bankruptcy protection this month. The company has declined to comment. Update: Suntech has announced a preliminary solution with its bondholders.
First Solar joins Desertec as shareholder
The Desertec Industrial Initiative (Dii) has announced some welcome good news with U.S. thin film giant First Solar coming on board as a shareholder in the project.
APAC to account for 11 GW of PV demand
The Asia-Pacific (APAC) region is forecast to account for 11 of the expected 31 GW of photovoltaic demand in 2013, according to NPD Solarbuzz. China is expected to compensate for a demand decrease in Germany. Meanwhile, supply chain fragmentation is set to continue.
Inverter manufacturer announces global projects
German inverter manufacturer Kaco new energy GmbH has signed a memorandum of understanding with Saudi electronics company AEC to make and distribute its products from Riyadh.
Canadian Solar: Bad debts and arbitration hit the accounts
The key number in the fourth quarter and full year figures released by Canadian Solar is the company’s general and administrative expenses which, the company says, unfairly skew perceptions of its performance in 2012.
Malaysia introduces new PV FIT degression rates
The Malaysian Ministry of Energy, Green Technology and Water has announced new degression rates for photovoltaic technology under the Malaysian FIT mechanism. Further changes to the FIT system have also been announced.
India: Same again for Karnataka round two
The Indian state of Karnataka has announced the second round of allocations under its solar policy and is seeking to generate 130 MW of projects to follow on from last year’s 80 MW.
UK: Smaller PV presence at Ecobuild 2013
In contrast to Ecobuild 2012, where PV companies, including installers, wholesalers and distributors, inverter suppliers, framing equipment firms and module manufacturers, dominated the exhibition, this years show saw a declining PV industry presence.
US Solar leads the way for clean energy jobs
Solar led the way among its clean energy job creation peers in the U.S. in the fourth quarter of 2012, according to analysis from Environmental Entrepreneurs (E2).
Germany: Consensus for fundamental EEG reform
The German Federal Environment Minister wants a fundamental reform of Germany’s renewable energy law, or EEG. His ideas received wide support at a meeting between the German Chancellor, ministers and associations.
