Small France-based module manufacturer, Solarezo has entered bankruptcy proceedings in an effort to restructure its finances having a reported €50 million order backlog with only a 65MW production capacity, according to the company’s website.
Solar power producers are set to benefit from a $100 million investment in India’s clean energy sector backed by the US Agency for International Development.
Israeli fund, Econergy, has acquired 7MW of PV assets from Sorgenia located several regions of Italy that includes 10 PV plants that are both ground-mounted and rooftop.
One of the first and most highly respected financial research analysts covering the PV sector, Jesse Pichel, has joined ROTH Capital Partners as managing director, Cleantech Investment Banking.
Sunrun, a California-based solar company, today announced that it would be able to offer third party lease agreements to 90% of utility customers in Connecticut.
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.
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.
