LDK Solar’s continued lack of finances for offshore business transactions has forced the struggling company to enter into a new 30-day forbearance arrangement with bondholders after being unable to pay interest on the loan.
Solar power firm Canadian Solar has secured a US$40 million loan from Harvest North Star Capital for the development of 145MW of projects in Japan.
In recent days a number of key Taiwan-based PV component suppliers have reported continued growth in monthly revenue, highlighting strong demand for wafers, cells and modules through the fourth quarter of 2013.
Germany-based materials manufacturer Heraeus’ Photovoltaics Business Unit is to increase production capacity at its silver paste plant in Singapore.
China Wind Power (CWP) has been awarded a CNY490 million (US$80 million) of 15-year long term project loans from the China Development Bank (CDB)
European companies buying products from Chinese manufacturers that flout new trade rules will face heavy penalties and even jail, a German law firm has warned.
Indian company ACME Group has signed an agreement with Samsung SDI to produce lithium-ion batteries for use in applications including solar power systems in India and Africa.
PV manufacturer, ReneSola said that it would permanently close its Phase 1, Sichuan polysilicon production plant due to its failure to significantly reduce production costs.
The electricity surcharge used to fund Malaysia’s feed-in tariff will be increased from 1.0% to 1.6% from next year, the country’s Sustainable Energy Development Authority (SEDA) has announced.
Over 3GW of PV generation capacity was installed on Australian rooftops, by the end of November, according to figures released by the country’s Clean Energy Regulator.
China’s National Energy Administration (NEA) has forecast that on grid solar capacity in the country will reach 10GW by the end of 2013, according to state news agency Xinhua.
Renewable energy will benefit from a “decades long” carbon abatement fund, Australia’s environment minister Greg Hunt has claimed.
Hanwha Solar One has signed a memorandum of understanding (MOU) with Jiangsu Zhongtian Technology to jointly develop, construct, finance and grid-connect PV projects.
Large-scale solar energy developer, SolarReserve, has announced its intention to expand operations into the Australian market, opening an office in Perth, Western Australia.
David King has officially resigned from the Suntech’s board of directors with immediate effect, having stepped down from his positions as CEO and interim CFO in September 2013.
Project developer China Merchants New Energy has conditionally agreed to acquire 300MW of PV projects in China from leading module supplier Yingli.
The southern Japanese island of Okinawa will host a 2MW storage battery and study into grid management, due to the local grid almost reaching the limit of capacity available for renewable energy projects.
EU ProSun, the alliance of European solar manufacturers that brought the Chinese anti-dumping case, has said it is confident the European Court will rule that the resolution of the deal is not in line with the commission’s own rules.
In it efforts to move downstream and become a photovoltaic energy provider (PVEP), Hanwha SolarOne has struck a deal the Bank of Beijing for a three-year US$574 million credit facility.
EU governments have approved the anti-dumping measures on solar imports from China set out in August and confirmed that they will also form the basis of the resolution to the parallel anti-subsidy investigation.
PV cell manufacturer, Jinko Solar has signed a strategic cooperation agreement with Lingwu City government for a 200MW solar plant.
Hanergy Solar is set to receive significant investment from its parent company as it prepares to ramp up its thin-film production capacity.
Domestic shipments of solar cells and modules in Japan showed consistent growth again in the second fiscal quarter of 2013, according to the Japan Photovoltaic Energy Association (JPEA).
Shunfeng Photovoltaic is planning to place a 10-year convertible bond valued at HK$3,580,000,000 (US$461.77 million) with selected investors to pay for the US$492.3 million acquisition of Wuxi Suntech via court administrators in China.
A Chinese court has overturned its previous decision to throw out a legal dispute between LDK Solar and Canadian Solar over a wafer supply contract between the two companies.
