Financial & Legal

June 5, 2012
A day after reports claimed Hanergy and Q-Cells were in discussion over the sale of the German PV manufacturers' CIGS thin-film subsidiary, Solibro, both companies said in a statement that a deal had been signed. Financial terms were not disclosed.
June 4, 2012
Reports have emerged that Hanergy Solar Technology is considering the purchase of Solibro, the CIGS thin-film subsidiary of Q-Cells. Insolvency firm HWW Wienberg Wilhelm, which is administering the bankruptcy proceedings of Q-Cells had said in April that there had been both foreign and domestic interest in acquiring the bankrupt PV manufacturer.
June 2, 2012
Failure to secure further funding has forced flexible thin-film manufacturer, Konarka Technologies into bankruptcy. The Chapter 7 bankruptcy via a Massachusetts Bankruptcy Court means full liquidation and asset sale to pay creditors. Since its initial venture capital funding in 2001, the company had raised around US$190 million to develop and market its roll-to-roll OPV (organic photovoltaic) technology.
June 1, 2012
Having recently teamed with Suntech, state-owned firm Phono Solar has signed a new agreement with GCL-Poly to build PV power plants in China. GCL-Poly already has plans to move downstream, having partnered with Winsun New Energy and Shunfeng Photovoltaic for projects in both China and Europe.
May 31, 2012
Hamburg-based asset manager Luxcara has been the recipient of a 12MWp PV power plant in Aquitaine, south-western France, said to have been purchased by EDF EN for around €49 million. Luxcara’s Luxemburg-based Flaveo SA, SICAV-FIS fund has received the "Béguey" plant, which has a capacity of close to 12MWp and is equipped with inverters from SMA Solar and modules from First Solar.
May 29, 2012
With polysilion spot prices heading for the low US$20/kg territory and well below small polysilicon producers' production cost levels, Motech Industries has decided to exit the polysilicon sector with the shutdown and sale of assets of its subsidiary, AE Polysilicon Corporation (AEP). Motech invested in AEP in 2006 as it started the development of high purity granular polysilicon, intended to provide lower cost polysilicon compared to conventional Siemens processes.
May 25, 2012
Swiss silicon thin-film firm, Pramac has been forced to file for insolvency after shareholders rejected management proposals over restructuring the company after posting losses (net) of over €94 million in 2011. The diversified firm had been a customer of Oerlikon Solar since 2008. Pramac had a 30MW end-to-end turnkey line using Oerlikon’s ‘Micromorph' technology.
May 24, 2012
Profitability remains tantalizingly elusive at Suntech Power Holdings, having reported a first quarter GAAP loss of US$133 million on the back of certain one-time issues, 27% lower quarterly shipments and 10% price declines. Although management stuck to previous guidance for the year, indicating strong shipments in the second-half of the year, analysts raised concerns over Suntech’s ability to repay a US$540 million convertible note due next year.
May 22, 2012
First generation PV thin-film adopters are falling like flies as Berlin-based Inventux files for bankruptcy. Inventux was a customer of Oerlikon Solar and an early adopter of its micromorph silicon turnkey technology. A temporary insolvency administrator has been appointed by the local court in Berlin-Charlottenburg, which is understood to be looking for new investors and secure some of the 200 jobs at risk at the company.
May 21, 2012
Despite full-capacity utilization and increased shipments of polysilicon and wafers, Daqo New Energy suffered falling revenue and continued losses in the first quarter of 2012. Based-on previously guided poly production cost reduction timelines and current spot market pricing - Daqo is fighting a loosing battle to sell polysilicon above cost levels through 2012 and 2013.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK