Markets & Finance

Two US-based subsidiaries of Spanish PV company Siliken have filed for financial relief under Chapter 11 of the Bankruptcy Code.

The Italian government has announced its net metering scheme will be limited to PV systems no greater than 200kW from 1 January 2013

US-based PV installer SolarCity said its PV installations reached 156MW in 2012, an increase of 117%, compared to 2011, exceeding guidance by 10MW.

Ingot furnace equipment supplier Beijing Jingyuntong Technology Co (JYT) has won an arbitration case against LDK Solar.

A recent reverse stock split has helped JA Solar regain NASDAQ stock market compliance in respect to a minimum bid price of US$1.00 per share. Failure to meet the bid price would have led to delisting from the exchange.

Developer S.A.G. Solarstrom has kicked off the New Year with the sale of five Germany-based PV ground-mounted systems to an undisclosed company.

Hawaiian nut company Hamakua Mac Nut has announced the installation of a 30,000 square foot, US$1.5 million, PV system expected to generate 75% of its electricity needs.

Taiwanese cell manufacturer Neo Solar Power has announced Quincy Lin will no longer serve as CEO, but has been approved for Chief Strategy Officer, effective 1 January 2013.

Solar wafer slurry recycling specialist SiC Processing has been granted self-administration while it goes through insolvency proceedings in the District Court of Amberg, Germany.

SMA Solar has entered the fast growing Chinese market by acquiring a majority stake in China-based start-up Jiangsu Zeversolar New Energy.