International power solutions provider 3W Power SA, parent company of AEG Power BV Solutions has announced the departure of Horst J. Kayser effective from 30 June this year and the replacement by Bruce Brock in the role of company’s CEO.
Micro-cap PV module manufacturer Westinghouse Solar does not expect to complete its merger with Australian renewable energy company CBD Energy until the third quarter of 2013.
Although financial details were not disclosed, SolarWorld subsidiaries in the US and German have built and sold three PV power plant projects that had a total combined capacity of 46.3MW.
Having defaulted on a bond due to cash flow problems, struggling PV manufacturer, LDK Solar has sold its major crystalline solar cell production plant to an affiliate of the Hefei City government for a nominal US$19.4 million.
Chinese manufacturer LDK Solar has technically defaulted on repayment of a loan after making only partial payment on a $23.7 million bond due 15 April.
Suntech Power Holdings European subsidiary, Suntech Power International has gone to a court in its locality in Switzerland to stop bankruptcy proceedings.
Shares in China’s troubled PV manufacturer Suntech rallied yesterday following unconfirmed rumours that US investor Warren Buffet is considering buying the company.
Standard Bank Group and the Industrial and Commercial Bank of China (ICBC) have inked a R20 billion (US$2.2 billion) deal to fund renewable energy projects in South Africa.
