Akcome Technology disclosed on Monday that its subsidiary Zhejiang Akcome Photovoltaic Technology Co., Ltd., has received a court ruling from the Changxing Court to accept its bankruptcy reorganization application. Zhejiang Akcome plans to engage in restructuring procedures, actively communicating with strategic partners, shareholders, and creditors to introduce strategic investors, optimize its debt structure, and resume production. However, if the reorganization is unsuccessful, the company will proceed to bankruptcy liquidation.
JinkoSolar announced over the weekend that it has terminated its 2023 plan to issue A-shares to specific investors. According to the previous proposal, the company aimed to raise up to CNY 9.7 billion ($1.5 billion) to support the development of its integrated production base project in Shanxi. JinkoSolar stated that this decision was made after “comprehensive consideration of industry trends, the company's actual situation, and future strategic planning.”
Jinko Power announced that its wholly-owned subsidiary, Jinko Power Spain, S.L., intends to sell 100% of its shares in four subsidiaries — Universal Reward, S.L.U., We Are So Good, S.L.U., The Main Speed, S.L.U., and Good 2 Follow, S.L.U. — to China Huadian Hong Kong Co., Ltd. The transaction is valued at up to €175 million. This deal involves the sale of the 175 MW Antequera photovoltaic project in Spain, which is currently under construction and scheduled for commercial operation by September 30, 2025. The share transfer will occur upon the project's completion, with the final transaction value adjusted based on the project's actual installed capacity.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.