Reports suggest a deal is in the making that could see Suntech Power Holdings' bankrupt subsidiary rescued by the involvement of a rival Chinese PV manufacturer and several state-owned enterprises in Wuxi, China.
Switzerland-based Sputnik Engineering, well known under its PV inverter brand, SolarMax, is following SMA Solar in restructuring its operations as markets shift away from Europe and the PV industry becomes increasingly global.
Plans to build a fully integrated PV supply chain within Saudi Arabia are continuing slowly with reports that Idea Polysilicon Company (IPC) has received four bids to build its proposed 10,000MT polysilicon plant and ingot/wafer operations.
A potential shift by Chinese PV manufacturers to avoid anti-dumping duties in the US and EU as well as in India has started with plans by Hareon Solar to build a 300MW solar cell plant in Taiwan.
A deal that would see Conergy’s sales operations sold and split from its PV module and mounting systems manufacturing operations has been signed between US-based financial investor, Kawa Capital Management, Conergy and the preliminary insolvency administrator of Conergy.
