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Deutsche Bank

Singyes shareholders approve China bail-out

The margin of support for the proposed $198 million takeover by a Beijing entity came as no surprise and the deal now hinges on the holders of $430 million of defaulted debts supporting a delayed settlement of their claims. First up, though, is a date with a winding-up petition on Monday.

Singyes winding-up petition adjourned until November

The latest date for hearing the petition will fall just four days after shareholders vote on a proposed Chinese state-backed HK$1.55 billion bail-out of the business.

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Singyes shareholders show discontent

The holders of almost six million shares in the company voted against the reappointment of chairman and CEO Liu Hongwei as a non-executive director. On Liu’s watch the company has had to turn to a state bail-out from China to help ensure its survival.

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Singyes winding-up petition is put back

Deutsche Bank’s attempt to shut down the Chinese solar developer and BIPV maker, due to be heard this morning, has been adjourned for two weeks.

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Singyes threatens to pursue winding up costs against Deutsche Bank

The heavily-indebted Chinese BIPV manufacturer has warned the petition issued by the German lender to recover a disputed $6.27 million debt could threaten the survival of the business as it would halt a planned bail-out by Beijing.

Singyes finally publishes details of last year’s annus horribilis

The collapse in business for the solar EPC provider after last year’s 5/31 policy announcement by Beijing has left the company’s future depending on the progress of a Chinese state bail-out. Provided that is, the business does not end up being wound up by Deutsche Bank first.

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Deutsche Bank attempts to wind up Singyes Solar

The German lender has issued a winding up petition over a $6.27 million debt and could scupper the manufacturer’s plans to restructure its defaulted payments and be taken over by a Chinese state-backed entity.

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300 MW Talasol project in Spain receives funding from EFSI

The subsidy free mega project is entering the next stage of its development. Funding is expected to be finalized in 4Q 2018 and commissioning in 2020. The project, funded by the European Fund for Strategic Investments (EFSI) will retail its electricity on the spot market, but will be secured through a financial hedge.

EIB may finance 300 MW “unsubsidized” PV project in Spain

After securing a financial hedge for its Talasol solar plant in January, Israeli solar company Ellomay has now entered agreement with Deutsche Bank for the structuring of non-recourse senior debt financing for the project.

$758 million financing for the first PV-CSP plant in Latin America

Chilean company Cerro Dominador have announced the signing of a $758 million deal to finance the first combined concentrated solar power-PV project in Latin America – a 210 MW scheme in the Atacama desert

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