A European Court of Justice (ECJ) ruling confirming countries have no obligation to underwrite one another’s renewable energy clears the way for Germany’s energy reforms, the country's vice chancellor Sigmar Gabriel has claimed.
Illinois is set to purchase up to US$30 million in PV power and connect it to the state’s energy mix for electricity consumers after legislation was signed into law Saturday that will help expand the PV rooftop market in the state.
The lack of cash within LDK Solar’s holding company, registered in the Cayman Islands has been highlighted by its Joint Provisional Liquidators (JPLs), which are still seeking sufficient funds to carry out planned restructuring duties.
Germany-based PV module manufacturer and project developer, Solarwatt has acquired two operation centres of bankrupt PV project developer CentroSolar to further boost its European expansion plans. Financial details were not disclosed.
Struggling power electronics and PV inverter manufacturer, 3W Power/AEG Power Solutions, has won approval from shareholders and bondholders to convert its €100 million bond by issuing a new €50 million bond and a debt for equity swap for the remaining €50 million.
German solar industry trade association BSW-Solar is considering taking legal action over reforms to the German Renewable Energy Act (EEG), announced yesterday.
