Distressed capital management firms, Clearwater Capital Partners and Spinnaker Capital are working with Suntech Power Holdings to prepare a major restructuring plan for the ailing PV module manufacturing, including downsizing through asset sales and a recapitalisation that could mean majority share takeover by unidentified investors.
China-based monocrystalline wafer supplier, Comtec Solar Systems Group reported a wafer, ingot and polysilicon shipment increase of approximately 102% for the first-half of 2013, compared to the same period of 2012.
Leading machine vision systems specialist, ISRA Vision has hinted at further PV equipment acquisitions and a whiff of recovery in equipment enquiries within the PV sector in reporting third quarter financial year results.
Japan’s Ministry of Economics, Trade and Industry (METI), has requested an increase in the nation’s clean energy budget of 62%, partly to help relieve bottlenecks of solar power projects.
Market research firm IHS believes that Belgium-based PV project developer and systems integrator, Enfinity has been taken over by American investment group EverStream Energy Capital Management, established by SunEdison.
Bloomberg New Energy Finance has issued forecasts for the amounts of distributed PV and utility PV to be installed in China between this year and 2030.