Financial & Legal

PV equipment supplier, BTU International, has reported third quarter net sales of US$12.0 million, down 15.7% compared to US$14.2 million in the preceding quarter as little sales activity was generated from the PV sector.

Investor, Prudential Capital Group, has acquired a stake in a 130MW California PV project owned by independent power producer, Tenaska.

Hemlock Semiconductor continued to report positive financial results in the third quarter of 2013, despite the imposition by China of anti-dumping duties on imported polysilicon, notably from the US.

Wafer manufacturer, Green Energy Technology (GET), has said that its PV module manufacturing subsidiary, Apollo Solar Energy, is to expand production.

REC management has revealed that demand for both its polysilicon and PV modules remained strong in the third quarter of 2013.

Beleaguered PV equipment supplier, centrotherm photovoltaics, has given a cryptic account of deterioration in revenue expectations over the next two years, having recently reviewed its order backlog.

The Renewable Energy Company ASA has announced the results of its public share offering for its new division, REC Solar.

Struggling PV systems supplier, CENTROSOLAR, is seeking creditor protection via the Local Court of Hamburg.

The turnaround at Q CELLS after its acquisition via receivers by South Korea’s Hanwha Group is said to be ongoing after its official first year of operations.

Having received court judgements on non-repaid loans from Suntech Power Holdings, some of the small bondholders are seeking Chapter 7 bankruptcy proceedings against the company.