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Suntech Power Holdings default on paying back its US$541 million convertible note last week has triggered cross-defaults on other loans, according to the company.
Long-standing and third ranked LDK Solar executive, Dr. Liangbao Zhu has resigned from the company with immediate effect.
An ad hoc group of bondholders that together own more than 63% of Suntech Power Holdings’ overdue US$541 million convertible note have urged the remaining bondholders to join them in talks with the PV module manufacturer to restructure the loan.
China-based solar wafer and module manufacturer ReneSola has revealed it is sold out of modules until June 2013 as it reported record quarterly and annual shipment results.
Suntech Power Holdings officially said for the first time that it would not pay holders of its US$541 million convertible bonds due today.
The US is emerging as an increasingly major player in the global solar market at unprecedented scale, according to a new report released today.
The threat of anti-dumping duties within the EU has prompted Chinese tier 1 module producer ReneSola to prepare to outsource over 400MW of module production to unidentified third parties not based in China.
The European Commission’s anti-dumping investigation into PV modules shipped into EU countries from China is having a major impact on module availability and forcing distributors, project developers and installers to alter purchasing decisions, PV-Tech can reveal.
In collaboration with the SUNY NanoCollege and U.S. Photovoltaic Manufacturing Consortium, flexible CIGS thin-film start-up, Magnolia Solar has claimed it has demonstrated a solar cell with a conversion efficiency of 13%. The company did not state aperture area dimensions.
Financial troubles at SolarWorld continue as the struggling PV module manufacturer delays reporting its full-year financial results as it talks with creditors over restructuring its debts.
Suntech Power Holdings has decided to permanently close its module assembly plant in Arizona with the loss of 43 jobs, citing US government imposed duties on imported solar cells and aluminium used in solar module frames.
California-based PV project developer, Pristine Sun has selected modules from Upsolar for PV power plants to be built in California, USA.
Institutional investors could supply more than a quarter of the capital needs of renewable energy up to 2035 but are being held back by policy and regulatory barriers, a study claims.
Chinese PV equipment manufacturer JA Solar has started to ship 35MW of its modules to Siemens for installation at five PV projects in Israel owned by Arava Power Company.
Falling solar module prices continued to impact Canadian Solar’s financial results as the company more than doubled losses year on year.