Markets & Finance

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.

Tamil Nadu Generation and Distribution Company (TANGEDCO), a state-owned energy firm, will be required to provide new net meters for households with rooftop PV systems installed under Tamil Nadu’s net metering scheme.

Solar finance broker Clean Power Finance has formed partnerships with installers Roof Diagnostics and Trinity Solar to expand the availability of its residential solar financing options to installers in Connecticut, Maryland and New York.

Suntech Power Holdings has struck a temporary deal with note holders on its US$541 million of bonds due on March 15 by delaying payment a further two months while more talks are undertaken.

German PV manufacturer SolarWorld has confirmed that Boris Klebensberger, Chief Operating Officer and member of the management board since October 2001, has left the company.