Insolvency proceedings open for Odersun
Germanys Charlottenburg district court opened insolvency proceedings for Odersun AG on June 1, following the company’s failure to find an investor.
China: GCL and Phono Solar establish PV project partnership
GCL-Poly Energy Holdings Limited and module manufacturer, Phono Solar Inc. have formed a partnership under which they intend to develop photovoltaic projects in China.
SolarWorld announces job cuts
SolarWorld AG is expected to shed around ten percent of its 3,300 strong workforce, according to reports. Chinese “dumping” prices have been cited as a key reason.
Ghana to see 50 MW PV plant installed
Siginik Energy Ltd has signed a power purchase agreement with the Electricity Company of Ghana Ltd (ECG) to install a 50 megawatt (MW) ground-mounted photovoltaic plant in Ghana.
LDK Solar announces 600 MW of PV projects in China
LDK Solar Co., Ltd has signed three multi-year EPC contracts under which it will install three photovoltaic projects in the Gansu province of China worth a total of 600 megawatts (MW).
Konarka files for bankruptcy
Organic solar film manufacturer, Konarka Technologies, Inc. is the latest solar company to file for bankruptcy protection under chapter 7 of the U.S. Federal bankruptcy laws.
Nanosolar secures funds for expansion
Nanosolar Inc. has secured US$70 million in new capital, which it will use to boost the companys business activities going forward.
PV modules: Branding and bankability do not always correlate to quality
Caveat emptor! While photovoltaic modules may have reached the commercial stage of “commoditization”, they are not all the same. According to SolarBuyer, manufacturers are sacrificing quality and reliability in their quest to take shortcuts; something non-transparent supply chains are failing to pick up on.
Solar stocks suffer tough month
A tough month on global financial markets, with the main U.S. indices posting losses of around six percent and Europe, fairing a little worse, was exacerbated for solar stocks, as key governmental decisions impacted upon prices.
California: New roofs must be solar ready from 2014
The California Energy Commission has introduced new energy efficient standards for all new residential and commercial buildings. The new measures mean that from January 1, 2014, all new buildings must have solar-ready roofs.
