Centrosolar shareholders approve debt-for-equity swap
Centrosolar sharholders have approved a debt-for-equity plan that will drastically reduce debt by swapping outstanding liabilities for 5.5 million new company shares as part of a restructuring plan.
Los Angeles unveils 350 MW solar program
Los Angeles is moving forward with two major new projects that will offer Californias sprawling metropolis a combined 350 MW of solar power utilizing a combination of feed-in-tariff (FiT) and request for proposal (RFP) pricing systems as it transitions from coal power to green energy.
Swiss giant ABB expands inverter production in South Africa
ABB is expanding operations in South Africas booming photovoltaic market with plans for a new inverter production line with a capacity of 500 MW a year.
China Sunergy opens PV module factory in Turkey
China Sunergy Co. (CSUN) has opened a photovoltaic module manufacturing plant in the Trade Free Zone of Tuzla, in the outskirts of Istanbul, Turkey.
Downstream activity heats up "south of the border"
Photovoltaic project developers Gehrlicher Solar and Martifer Solar have both signaled their continued expansion into Latin America today, with increased activity in Mexico. Gehrlicher has announced that it is opening an office in Mexico City, to develop projects in Mexico, and Martifer has announced at 30 MW project in the country also.
SolarWorld to hold extraordinary shareholders' meeting
Germany-based SolarWorld AG will hold an extraordinary shareholders’ meeting on July 11. Losses totaling half of the capital stock have been incurred, according to a recent company statement.
SunPower plans to sell US$300 million of convertible debentures
The California photovoltaic manufacturer has plans to sell debenture bonds worth $300 million.
Yingli revises module shipment outlook for Q1
Chinese PV module manufacturer Yingli Green Energy is expecting PV module shipments in the first quarter to be better than earlier estimates.
Brazil receives request for 392.4 MW of PV
Thirteen requests for regulatory authorization to develop and operate photovoltaic plants worth a total of 392.4 MW have been received last week, according to Brazil’s national electricity regulator.
Spain: Renewable energy premium payments rise by 19% in 2012
Premium payments in the entire renewable energy sector in Spain were 19% higher than envisaged in the 2012 outlook, while the total compensation in the photovoltaic sector in 2012 was close to the original forecast.
