South Korea-based polysilicon supplier OCI has cancelled all three of its long-term supply contracts with Suntech’s Chinese operations in response to subsidiary Suntech Wuxi entering bankruptcy proceedings.
International Finance Corp (IFC), part of the World Bank, has approved the financing of several PV power projects in India over the following two years.
Transmission equipment provider S&C Electric Company and independent power producer Green States Energy have inked a US$7.9 million contract for the construction of a 2.5MW solar plant near Roswell in New Mexico.
Micro-cap PV module manufacturer Westinghouse Solar does not expect to complete its merger with Australian renewable energy company CBD Energy until the third quarter of 2013.
Although financial details were not disclosed, SolarWorld subsidiaries in the US and German have built and sold three PV power plant projects that had a total combined capacity of 46.3MW.
Having defaulted on a bond due to cash flow problems, struggling PV manufacturer, LDK Solar has sold its major crystalline solar cell production plant to an affiliate of the Hefei City government for a nominal US$19.4 million.
Chinese manufacturer LDK Solar has technically defaulted on repayment of a loan after making only partial payment on a $23.7 million bond due 15 April.
