The lack of cash within LDK Solar’s holding company, registered in the Cayman Islands has been highlighted by its Joint Provisional Liquidators (JPLs), which are still seeking sufficient funds to carry out planned restructuring duties.
Germany-based PV module manufacturer and project developer, Solarwatt has acquired two operation centres of bankrupt PV project developer CentroSolar to further boost its European expansion plans. Financial details were not disclosed.
First Solar’s 52MW PV plant in Jordan has a new partner going forward. Mitsubishi Corporation, through their subsidiary Diamond Generating Europe, Ltd., will operate a 35% equity share of the Shams Ma’an plant.
Struggling power electronics and PV inverter manufacturer, 3W Power/AEG Power Solutions, has won approval from shareholders and bondholders to convert its €100 million bond by issuing a new €50 million bond and a debt for equity swap for the remaining €50 million.
German solar industry trade association BSW-Solar is considering taking legal action over reforms to the German Renewable Energy Act (EEG), announced yesterday.
Canada-based start-up, Ubiquity Solar Inc has received CAD$3.1 million in funding to further develop its low-cost hyper-pure polysilicon and monocrystalline ingot/wafer technology, ahead of plans to commercialise the technology.
In a financial deal that is said to be one of the largest ever within the renewable energy sector, investment firm, Kohlberg Kravis Roberts (KKR) has purchased a one-third stake in ACCIONA Energía International (AEI) for €417 million (US$567.3 million). ACCIONA Energía is to retain two-thirds ownership of AEI.
