[UPDATE] Greentech plans to invest in the U.S.
Greentech Energy Systems A/S plans to invest in the United States, as business in Europe remains low.
Sunways: "Business operations back to normal"
LDK subsidiary Sunways aims to prevent insolvency proceedings, as the company announced today (Wednesday) that business operations are back to normal.
Canadian Solar narrows Q1 loss as Asian business booms
Canadian Solars saw sales in Asia skyrocket as it expands operations in the region. The move has helped reduce first quarter losses as business decreases in Europe and North America.
Suntech embarks on panel fire sale
Chinese panel giant Suntech has sparked fears it will start a fire sale of its huge inventory by agreeing to sell 30 MW of its products to a rival manufacturer for just US$0.49/Watt.
SMA announces both dividend and layoffs
The management board of the inverter manufacturer for photovoltaic systems is still unable to rule out a loss for the current financial year. Thus there will presumably be further layoffs at SMA.
Aleo Solar starts talks with potential investors
Aleo Solar AG announced today it was currently holding initial talks with potential investors to sell Bosch’s majority stake of the German photovoltaic manufacturer.
Wuxi Suntech owes US$2.5 billion to local creditors
Chinese photovoltaic manufacturer Wuxi Suntech Power Holdings Co., a Suntech Power subsidiary, owes a domestic debt of $2.5 billion to local creditors, according to media reports.
Centrosolar shareholders approve debt-for-equity swap
Centrosolar sharholders have approved a debt-for-equity plan that will drastically reduce debt by swapping outstanding liabilities for 5.5 million new company shares as part of a restructuring plan.
SunPower plans to sell US$300 million of convertible debentures
The California photovoltaic manufacturer has plans to sell debenture bonds worth $300 million.
