LDK Silicon's lenders hold fate of the debt-saddled group
Debt-stricken polysilicon, wafer and module manufacturer LDK Solar could be set for more tough talks with lenders after admitting to the U.S. Securities and Exchange Commission (SEC) that it will breach the terms of a June 2011 share sale.
Phoenix Solar completes a floating photovoltaic system in Singapore
Phoenix Solar has launched a floating photovoltaic system in Singapore. The system of 5 kWp capacity has been installed in the Pond Gardens of Bishan Park and donated by REC Module Pte Ltd.
SolarWorld CEO proposes multi million euro lifeline for the company
Frank Asbeck, CEO and founder of SolarWorld AG, has proposed to invest a double-digit-million euro amount to help his debt-ridden company survive its difficult financial situation, according to German newspaper Handelsblatt.
Google invests $10m in South African solar project
Google director Rick Needham has revealed the search engine giant has invested ZAR103 million (US$10 million) in the Jasper Power Project.
Isofotón to file for restructuring proceedings following $96 million lawsuit
Hit by unexpected liabilities related to its former management, including a $96 million lawsuit by U.S. polysilicon producer Hemlock, government demands to return subsidies and a refusal by banks to refinance its growing debt, Spanish PV giant Isofotón has been forced to file for restructuring proceedings.
Trina Solar's first quarter results: domestic sales down
Photovoltaic module manufacturer Trina Solar Limited has announced their first quarter results for 2013. Module shipments saw a sequential decrease and Europe continued to bring the largest revenue slice for Trina Solar. Domestic sales saw a fall.
Hanwha SolarOne narrows first quarter net loss as shipments rise
Hanwha SolarOne Co. Ltd. narrowed its net loss in the first quarter as higher shipments boosted overall revenue.
SolarWorld Q1 losses surpass $50 million
Declining shipments, price pressure and a downturn in the domestic market took their toll on SolarWorlds bottom line in the first quarter of the year: the one-time industry leader saw a significant drop in revenue while losses swelled dramatically.
Storage: Finding the right partners
Boston-based Lux Research has released a new report “Finding the Perfect Partner in the Global Grid Storage Market” that pinpoints strategic valuable partnerships as the key to success for developers as the storage market continues to grow. The Americas are slated to lose grid storage market share while Europe will see an expansion.
SMA to expand operations in South Africa
Germanys SMA Solar Technology AG is planning to set up new inverter production facilities in South Africa in an effort to not only meet increasing PV demand but also local content requirements in the fast growing market.
