Becky Beetz
Wuxi Suntech insolvency official
The Wuxi Municipal Intermediate People’s Court in Jiangsu Province, China, has officially accepted the petition for the insolvency and restructuring of Suntech Power Holdings Co., Ltds main subsidiary, Wuxi Suntech Power Co., Ltd, submitted by eight Chinese Banks on March 18.
ReneSola secures over $50 million loan guarantee from CDB
ReneSola Ltd has secured a loan guarantee worth RMB 320 million (around US$51.5 million, 39.9 million). The funds are expected to be used towards the companys domestic development in China.
Solarpack starts work on 25 MW PV plant in Chile
Solarpack has broken ground on its 25 MWp Pozo Almonte Solar project in Chiles Tarapacá. It is scheduled for completion by the end of 2013.
Insolvency petition submitted for Wuxi Suntech
Suntech Power Holdings Co. Ltd has today announced that a petition for insolvency and restructuring was filed against subsidiary Wuxi Suntech Power Holdings Co., Ltd on Monday, March 18. Wuxi Suntech has not objected to the filing.
First Solar tops PV project developer list
According to the latest data from Wiki-Solar, U.S.-based thin film manufacturer, First Solar Inc. is the top photovoltaic project installer globally, having added 759 MW across 11 sites.
UK: Conergy supplies modules to 15 MW of PV projects
Germanys Conergy AG is supplying 15.3 MW of its P-Series modules to four photovoltaic projects in the U.K. Spain-based Solaer is undertaking construction work.
US approves nearly 1 GW of PV projects for California
The U.S. Secretary of the Interior, Ken Salazar has given the go ahead for two photovoltaic projects worth 900 MW in California.
Welspun Energy commissions 50 MW Indian PV plant
Welspun Energy Limited has completed and commissioned a 50 MW photovoltaic plant in Indias Rajasthan in a space of five months.
India: Domestic PV manufacturing capacity reaches 2 GW
According to Indias Ministry of New and Renewable Energy (MNRE), domestic manufacturing capacity of photovoltaic cells and modules has grown to 2 GW. It also estimates Indias potential solar power per square kilometer to be 30 to 50 MW.
MEMC proposes name change; unveils financing division and 2013 outlook
MEMC Electronic Materials, Inc. is considering a name change to SunEdison to “better reflect” its business. It has also announced the establishment of SunEdison Capital and released its expectations for 2013.
