Markets & Finance

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.

Chinese manufacturer Suntech has announced the resolution of its ongoing dispute with its partner GSF Capital.

Indonesia is planning a new feed-in tariff (FiT) for solar as high as US$0.25 per kilowatt hour applicable for 20 years, the country's Finance Minister Agus Martowardojo has announced.

The local court in Amberg, Germany court has appointed Dr Hubert Ampferl, partner of Nuremberg-based law firm Dr Beck & Partner, as supervisor of SiC Processing, which is operating as ‘debtor-in-possession’ during insolvency proceedings.

Germany-based SolarWorld has claimed to be the first PV manufacturer to receive France’s 10% domestic content bonus in addition to the feed-in tariff (FiT).

MEMC Electronic Materials has announced the appointment of Shihab Kuran as President of SunEdison Advanced Solutions.

The ‘solar winter endures’ at PV equipment supplier BTU International, opined Paul J. van der Wansem, BTU Chairman and CEO, in a conference call that garnered no financial analyst questions.

Record quarterly revenue and new record cell efficiency were overshadowed by First Solar delaying 2013 financial guidance until early Q2 2013.

Edwards Group, a manufacturer of solar cells, has promoted Jim Gentilcore to Chief Executive Officer, effective from 1 March 2013.