Having gone through a major financial restructuring, SolarWorld is starting to tackle its manufacturing competitive issues with a round of technology upgrades and new product introductions.
Major equipment supplier to the PV industry, Meyer Burger has reported a better than expected order intake in the last six-weeks, citing it as a “turning point in customer behaviour.”
The €50.8 million (US$67.5 million) funding budget for small scale PV systems has had more than 90,000 applications for the 15% rebate on PV equipment purchased from 2012 to 2013.
As expected, Sunways said that preliminary insolvency proceedings against the assets of the company by its banks have been stopped and the local court in Konstanz has closed the case.
The strategy to diversify its business away from dependence on sectors such as solar is proving to be a significant success for equipment supplier, Manz AG.
The largest ever PV power plant, dubbed the OneGiga Project and said to have cost around €1.75 billion has been shelved by the developer Securum Equity Partners and will seek €160 million from the Republic of Serbia at the International Court of Arbitration in London, England.
