LDK Solar, one of the world's largest producers of solar wafers, has finalised a deal to sell three solar plants to Henan Xindaxin Materials for RMB140 million (US$22.4 million).
PV modules and wafers manufacturer ReneSola has announced the establishment of its Asia-Pacific, Middle East and Africa regional sales headquarters in Singapore.
The sale of Oerlikon Group’s loss-making Oerlikon Solar to Tokyo Electron (TEL) has received regulatory approval from the Chinese Ministry of Commerce (MOFCOM).
Belectric advised that the deal to acquire Konarka Technologies has been completed, with an agreement reached between the two companies. Konarka Technologies applied for insolvency earlier this year and began negotiations with several investors. Alexander Kubusch, preliminary insolvency administrator from Curator, commented, “…our talks have now reached a successful conclusion. Of the many interested parties, we ultimately opted for Belectric Holding, because this company not only offered an ideal solution to the issue of business operations but also went a long way toward upholding the interests of creditors.”
SunPower has announced plans to restructure its Fab 2 cell manufacturing plant in the Philippines. The company’s Fab 1 facility was shuttered in April this year with some equipment transferred from there to Fab 2, to reduce manufacturing constraints during the second quarter.
Major PV equipment supplier, centrotherm photovoltaics has submitted its reorganization plans to the insolvency court in Ulm, Germany. Although the company did not provide details on what those plans would be, the company said in a statement that it had now entered a critical phase in its insolvency proceedings that also need creditor approval. Both its subsidiaries, centrotherm thermal solutions and centrotherm SiTec have also filed plans with the court separately.
