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PV energy provider (PVEP), SunPower, is to raise US$300 million to pay down some of its outstanding debentures and use the proceeds for working capital requirements.
The bankrupt main manufacturing subsidiary if Suntech Power Holdings is reported to have debts of over US$2.8 billion.
Struggling PV manufacturer SolarWorld will hold an extraordinary shareholders’ meeting on 11 July 2013 in Bonn, Germany, after the company revealed a 50% loss in capital stocks.
Leading module manufacturer, Yingli Green, has revised module shipment and gross margin guidance for the first quarter of 2013.
A majority of Centrosolar’s creditors have voted in favour of restructuring the struggling German PV manufacturer’s debts.
Canadian Solar has won a court case relating to an alleged breach of contract concerning its wafer supply contracts with LDK Solar.
Higher than guided product shipments, notably to higher average selling price (ASP) regions such as Japan, supported a significant drop in quarterly losses at JA Solar in the first quarter of 2013.
Former management at PV Crystalox’s polysilicon plant in Germany are in talks with the company to acquire the shuttered plant.
German manufacturer alfasolar has filed for insolvency at Hannover County Court.
Japan’s Shinsei Bank has signed a project financing agreement with Japan Renewable Energy to provide a ¥10 billion (US$97 million) loan to fund the development of 40MW worth of PV projects.
