Panda Green update: shareholder China Merchants shaken down for $260m
The debt-saddled developer has turned to another of its state-owned backers to dig it out of a hole as it scrambles to raise $242 million in eight days.
Jinko claims two more efficiency records for bifacial panels
The Chinese manufacturer has achieved conversion efficiencies of 21.82% and 22.49% for its p-type PERC and n-type HOT bifacial panels, respectively. The results were confirmed by Germany’s TÜV Rheinland.
Panda Green showcases its full portfolio
The embattled developer today published what appears to be a sales pitch as it seeks urgent investors ahead of an eight-day debt deadline.
Solargiga hits 10% revenue rise – on back of 48% more shipments
The Chinese manufacturer had to ship a lot more ingots, wafers, cells and modules to secure a modest rise in returns, according to its unaudited 2019 figures.
Singulus scores €50m CIGS production kit order from unit of China’s CNBM
The German PV equipment provider has agreed to supply manufacturing equipment for CIGS thin-film solar panels to the CNBM Bengbu Design and Research Institute for Glass Industry, a subsidiary of cement producer China National Building Material.
State-owned entity delays Panda Green bail-out in wake of debt restructure setback
Panda Green today said delays acquiring the necessary approvals were responsible for holding up its critical HK$1.79 billion lifeline but the deadline for completion had originally been put back to coincide with publication of the results of a debt restructuring proposal which ultimately tempted less than a third of note holders.
Panda Green’s hopes of postponing debt are dashed
The heavily-indebted, Chinese state-owned solar project developer now has ten days to rustle up $242 million after a debt restructuring proposal was accepted by less than a third of its creditors.
Why Europe and the US failed to capitalize on thin-film solar
Is First Solar stalled in innovation and growth? Markus Beck, a thin-film solar expert and former chief technologist at First Solar, provides an industry perspective on the fate of thin-film PV in the United States.
Solar cells from space are on the way
A team at the U.S. National Renewable Energy Laboratory has come up with a new process that would reduce the production cost of highly expensive – and highly efficient – gallium arsenide cells.
The world will add 142 GW of new solar this year
IHS Markit has predicted another year of global solar growth but a peek behind the headline figures shows uncertainty dogging the markets of China and India, two of the most important markets and biggest polluters.
