Australian module suppliers accused of making false claims
Australias Competition and Consumer Commission (ACCC) is prosecuting companies trading under the names Euro Solar and Australian Solar Panel. The firms are accused of claiming that their solar modules were Australian-made, when in fact they were imported from China.
Court orders official insolvency proceeding for Sunways
Due to a third-party application, insolvency proceedings for Sunways are now officially open. The 100% wholly-owned subsidiary in Arnstadt, Germany is also affected.
Phoenix Solar posts Q1 net loss of 5.8 million as its shifts focus to Asia, US
German PV group Phoenix Solar saw its net loss grow from 1.2 million to 5.8 million in the first quarter of the year as revenue declined 19.4% to 30.6 million from January to March.
Centrosolar sells subsidiary to Belgian solar glass manufacturer
Centrosolar Group AG announced yesterday that it has sold its subsidiary Centrosolar Glas GmbH to Belgian solar glass manufacturer Ducatt NV for a symbolic price, as part of its restructuring program, according to a company statement.
SolarWorld to meet creditors, discuss restructuring
Troubled solar panel maker SolarWorld will host creditors next month at two separate meetings with the goal of appointing creditor representatives and outlining its efforts to restructure.
EU plans provisional average AD duties of 47% on Chinese PV imports
EU commissioners today backed the EU trade chief Karel De Guchts proposal to impose provisional anti-dumping (AD) duties of an average 47% on Chinese photovoltaic imports as of June 6, an anonymous source close to the EC confirmed to pv magazine.
Global Solar Alliance announces expansion
Renewable Energy India and Green Energy Expo & Conference (Korea) have joined the Global Solar Alliance, which aims to create more competition for the organizers of Intersolar. There was little new in terms of the EU trade dispute, however, despite it being one of the dominant themes at the opening ceremony of the Global Solar Summit.
WTO rules against Canada appeal on renewable energy case
Canada suffered a setback on Monday as the World Trade Organization (WTO) ruled against its appeal on incentives offered to domestic companies, according to a report published by news agency Reuters. This final decision was based in a WTO ruling issued in December in favor of Japan and the EU, Reuters says.
First Solar records profitable Q1 results
The sun was shining for First Solar during the first quarter of this year. Yesterday it announced their financial results for Q1 2013. The Arizona-based firm has posted a net income of US$ 59.1 million, compared to a loss of US$ 449.4 million recorded one year ago in the same period.
US: Citizens Energy Corporation inaugurates 2 PV plants
U.S.-based Citizens Energy Corporation has inaugurated two PV plants totaling 3.6 MW in Agawam, Massachusetts.
