Suntech Power Holdings has revealed that a group of eight Chinese banks have filed a petition for insolvency and restructuring of the company’s main manufacturing subsidiary, Wuxi Suntech.
An unidentified top tier solar company based in Asia has placed a US$5.3 million order with Tempress Systems, a subsidiary of Amtech for its solar cell diffusion processing tools.
Arizona-based Solar Bankers and its German affiliate Apollon have developed a new CPV module which, the companies claim, has low production costs and a 28% conversion rate.
Slurry recycling specialist, SiC Processing which is currently in receivership, has warned unsecured creditors to expect low debt recovery due to a preliminary, unaudited assessment of its assets.
Major polysilicon producer Hemlock Semiconductor has cited unresolved trade disputes, notably with China, as a key factor behind the decision to lay off approximately 400 employees, while reducing polysilicon production and delaying the ramp of its new plant in Tennessee.
