Chinese PV panel manufacturer Suntech Power will have to pay US$5 million in order to settle a federal class action lawsuit that accuses the company of withholding lackluster financial news from its shareholders.
India’s Ministry of New and Renewable Energy (MNRE) has invited proposals for the implementation of its Solar Cities programme, involving turning 100 small townships, industrial towns and institutions into ‘green campuses’ involving renewable energy generation.
‘Silicon Module Super League’ (SMSL) member JA Solar has placed an order with module assembly equipment specialist Suzhou Horad New Energy Equipment Co for a 300MW turnkey module assembly line destined for an as-yet unannounced facility in Brazil.
German equipment supplier Singulus’ efforts to head off insolvency have received a boost after bondholders approved proposals for the financial restructuring of the company.
Construction of Europe’s largest floating solar PV array is underway on London’s Queen Elizabeth II reservoir, where the installation will help Thames Water meet its target of self-generating a third of its own power by 2020.
Indebted PV module manufacturer Yingli Green Energy has been rumoured to be securing over US$500 million in new debt financing from a Chinese state bank and a provincial government where it operates manufacturing facilities.
