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.
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.
Chinese investor buys 14% stake in Comtec Solar
Sun Da has moved to become the lithium energy storage and electric vehicle battery company’s second largest investor, raising HK$10.3 million for the business in the process.
Panda Green extends deadline for accepting debt restructuring proposal
The indebted developer has been forced to extend the period during which the holders of $350 million of senior notes can decide whether to delay settlement by two years.
State-owned China Huaneng still running the rule over which GCL assets to cherry-pick
The Beijing-owned electric utility is still carrying out due diligence of solar project assets in the GCL New Energy portfolio, having walked away from a full state bail-out of the GCL business last month.
Hanergy: From thin-film solar savior to mass lay-offs at MiaSolé, Alta, Solibro and Global Solar
Unannounced lay-offs with no pay or benefits have left more than 600 American workers, 180 employees in Germany and thousands in China unemployed and in the dark. Some of those affected have told pv magazine their story.
Panda Green bids to postpone looming payment for $350m senior notes
The debt-saddled Chinese PV developer hopes the holders of notes due to mature next month will be persuaded to hold off settlement for two years as it awaits a shareholder vote related to its latest proposed injection of public funds.
Date set for Panda Green state bail-out vote
The Hong Kong-listed, Chinese state-owned solar developer is in a race against time to settle a US$350 million bond which is due to mature on January 25. The bail-out, which will be put to the vote on December 30, will leave the company a further US$125 million shy.
