Distressed capital management firms, Clearwater Capital Partners and Spinnaker Capital are working with Suntech Power Holdings to prepare a major restructuring plan for the ailing PV module manufacturing, including downsizing through asset sales and a recapitalisation that could mean majority share takeover by unidentified investors.
Japan’s Ministry of Economics, Trade and Industry (METI), has requested an increase in the nation’s clean energy budget of 62%, partly to help relieve bottlenecks of solar power projects.
Bloomberg New Energy Finance has issued forecasts for the amounts of distributed PV and utility PV to be installed in China between this year and 2030.
JFE Engineering has been contracted to build a 21.7MW photovoltaic power plant on the northern Japanese island of Hokkaido by Japanese investment management firm Sparx Group.
The Swiss government is considering massive solar subsidy cuts in a move the country’s PV industry has warned could have “profoundly” damaging effects.
SunEdison's share price surged today on news that the company would spin off its semiconductor business from its PV development business. Shares peaked on the New York Stock Exchange at US$8.34 each.
