Markets & Finance

Germany's S.A.G. Solarstrom has received a solar financing commitment for EUR40 million (US$52 million) from Deutsche Bank.

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.

Renewable energy feed-in tariffs in Africa could boost its economy whilst combating climate change, finds a new study developed for the World Future Council.

PV manufacturer DayStar Technologies has announced the appointment of Lorne Roseborough as its new CEO and interim chairman.

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.

Long-standing and third ranked LDK Solar executive, Dr. Liangbao Zhu has resigned from the company with immediate effect.

GCL-Poly Energy Holdings reported around a US$432 million loss from its solar materials business in 2012, which includes polysilicon and solar wafers.

MEMC Electronic Materials has said it plans to drop its name that has been in existence for decades and take on its subsidiary SunEdison as the corporate moniker.

Pacific Gas & Electric's "pre-Gutenberg" manual billing has been named as one of the top five biggest money wasters for California utilities.