Financial & Legal

As expected, Sunways said that preliminary insolvency proceedings against the assets of the company by its banks have been stopped and the local court in Konstanz has closed the case.

The strategy to diversify its business away from dependence on sectors such as solar is proving to be a significant success for equipment supplier, Manz AG.

Renewable Energy Corporation (REC) has announced its new US$110 million convertible bond offer was oversubscribed and is now closed.

Renewable Energy Corporation (REC) has announced a new US$110 million convertible bond offer and a partial repurchase offer of existing bonds as it looks to appease investors.

German investment firm Wattner has purchased ten solar power plants with a total capacity of 48MW.

The former LDK subsidiary LDK Hefei is to be sold by the local Chinese government affiliate that purchased it earlier this year.

Shareholders in the beleaguered German manufacturer SolarWorld have given the green light to a comprehensive restructuring of the company’s finances.

South Korean business conglomerate SK Group has invested a further US$19 million into Texas-based CIGS thin-film PV module manufacturer HelioVolt.

First Solar has announced that it has purchased Element Power’s 1.5GW project pipeline for the US and Mexico.

US-based third-party ownership (TPO) PV installer Vivint Solar has secured US$200 million in two separate tax equity funds.