Certain Suntech Power Holdings bondholders have started legal proceedings to recoup investments after the statutory 60-day hold on filing claims after the company defaulted in its US$541 million convertible note, expired.
CPV manufacturer Soitec has announced the installation of a 25kW concentrator PV demonstration plant in the village of Usib near Rehoboth in central Namibia.
Officials from Hokkaido Electric Power in Japan are being forced to review applications made by large-scale PV developers due to fears these installations could exceed the grid’s capacity.
PV installations reached a record 723MW in the first quarter of 2013, representing a 33% increase over the first quarter of 2012, according to GTM Research
Having been a long-term supplier of ingots and solar wafers to Sharp Corporation, China-based Solargiga Energy Holdings has signed a new deal to include 370MW of PV modules in 2013, making Solargiga, Sharps largest PV product supplier, according to the company.
LDK Solar actually beat revenue guidance for the first quarter of 2013 but the struggling PV manufacturer reported losses of US$187.1 million and exited the quarter with US$174.1 million in cash and US$168.4 million in short-term pledged bank deposits.
Canadian Solar has secured its largest EPC contract to date with the signing of an agreement to build a 130MW PV power plant in Ontario, Canada for Samsung Renewable Energy.
Luxembourg-based manufacturer CNPV Solar Power has completed the first phase of a 10MW module supply deal with Indian steel and textile firm Cheenu Group.
