Sovello unveils redevelopment plan
Sovello GmbH’s management have today unveiled a redevelopment concept, aimed at bringing the company back to solvency. It includes finding a “suitable” investor, evaluating costs, and continuing production.
Class action lawsuit filed against Solar Millennium
A class action lawsuit has been filed against Solar Millennium AG at Germany’s Nürnberg-Fürth district court. It has been found that the through the companys insolvency, a loss of 315,000 was incurred.
Manz moves manufacturing close to market
Photovoltaic and electronics equipment manufacturer Manz has moved closer to many of its clients, by opening a equipment manufacturing fab in Suzhou, two hours west of Shanghai.
Sovello next for insolvency?
According to reports, the photovoltaic company is drastically cutting production. Sovello declined to comment, however, that it will soon be filing for insolvency.
Aleo lowers 2012 revenue guidance
In light of continued solar remuneration reductions and falling photovoltaic module prices, Germanys aleo solar AG has lowered its 2012 revenue guidance.
Bifacial cell manufacturer targeting production capacity ramp ups
Israel-based BSolar has told pv magazine it is planning to ramp up production of its recently launched bifacial photovoltaic crystalline silicon cells to between 200 and 300 megawatts (MW).
German Environment Ministry seeks solar subsidy compromise
Additional funding for photovoltaics research and development should move the German states to a “yes” regarding the countrys EEG, or renewable energy law. Saxony-Anhalts Minister President believes an agreement on Germanys solar subsidies will be reached by the summer.
Polysilicon prices drop 11 percent
According to IHS iSuppli, average selling prices (ASPs) for polysilicon dropped by 11 percent in April, to a new 2012 low of US$27.20. This follows a new purchasing trend, from contract deals to “bargain-basement” spot market buying, and signals the continuation of oversupply.
Caribbean: GCL places order for 76 MW PV plant
GCL Solar Energy has placed an order with Satcon Technology Corporation for products to be used in a 76 megawatt (MW) photovoltaic plant in the Caribbean.
Sovello submits insolvency application
Following speculation at the weekend that Sovello GmbH would file for insolvency, the company has now submitted an application to open self-administration insolvency proceedings at the Dessau district court in Germany, due to a lack of funds.
