Covid-19 weekly round-up: Updates shed light on tough second quarter for solar industry firms
But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.
REC Silicon hit by call-in of $17m loan related to failed wafer operation
Finnish lender Nordea has called in a NOK150 million indemnity loan thought to have been taken out by REC Silicon ASA as a result of the bankruptcy of its Norwegian wafer manufacturing arm seven years ago.
REC Silicon prepared to power down the rest of its operation
The Norwegian polysilicon and silane gas producer has announced it will listen to offers for its production facility in Butte Montana after mothballing its other manufacturing operation – at Moses Lake, Washington – in the summer.
