Struggling China-based PV manufacturer LDK Solar has sold shares to Hong Kong-based Fulai Investments for around 30% less than it charged only last month.
JA Solar’s strategy of shifting sales from solar cells to modules has been achieved but at the cost of flat-lining business that started in 2011 and is expected to continue in 2013.
According to reports, Suntech Power Holdings Dr. Shi, the ousted Executive Chairman and current CEO, David King have both been detained by Chinese police.
Professional business bank Bridge Bank Energy and Infrastructure Group (EIG) has announced the closure of a US$13 million financing deal for several solar installations in the US.
Suntech Power Holdings has revealed that a group of eight Chinese banks have filed a petition for insolvency and restructuring of the company’s main manufacturing subsidiary, Wuxi Suntech.
Mitsubishi Corporation, Innovation Network Corporation of Japan (INCJ) and investment company Solar Ventures have acquired Solar Holding, which has a PV portfolio of 42MWp in Italy.
Italian PV installer Aion Renewables SpA will file for bankruptcy after Italian district court Reggio-Emilia rejected its insolvency plan, following its request in December 2012.
