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Sunways negotiates out of wafer supply deals and insolvency
The Kostanz based solar manufacturer has agreed to settle two long term wafer supply deals with a one-off payment and has rescheduled its bank debts. Sunways now expects to exit insolvency.
SolarWorld shareholders approve rescue plan
The restructuring deal will give creditors a major stake in the company while drastically reducing the stock of existing shareholders. The move may not be enough to insure SolarWorld’s long-term prospects, says one analyst.
Phoenix Solar narrows half-year loss, posts Q2 operating profit
Germany’s Phoenix Solar has achieved its first quarterly operating profit since 2010 while posting a half-year net loss. Now focusing on foreign markets, it generated more than 90% of its revenue from international business.
SMA sees half-year sales drop 45% as losses grow
SMA posted a hefty loss as sales plunged in the first six months of 2013, but the inverter manufacturer is expanding operations abroad and hopes to benefit from the trend towards energy management and hybrid systems.
First Solar acquires GE thin film technology unit
First Solar has gained major ground in thin film technology development following its deal with GE and also acquired a pipeline of solar projects in the U.S. and Mexico from Element Power despite a drop in second-quarter revenue.
Canadian Solar's 49 MW projects sale
Shares in the Chinese module manufacturer soared as a $280 million sale of five solar projects in Ontario was cited as proof of the successful focus on downstream operations.
Meyer Burger: new orders, big losses
The Swiss solar production equipment company has signed two big contracts with Asian clients and says there are signs of hope for the industry despite reporting its latest multi-million losses.
JA Solar secures $90 million credit line as EC subsidy deadline approaches
Chinese solar giant JA Solar has secured $90 million credit line from the Bank of Communications of China. The state-backed loan, aimed at encouraging solar, was offered two days ahead of the EU anti-subsidy decision.
SolarWorld noteholders endorse plans again
The beleaguered German company’s remaining noteholders today backed restructuring plans which now have to win approval at tomorrow’s extraordinary shareholders’ meeting.
China-EU solar imports, to cap or not to cap?
The publication of the EU acceptance of Chinese undertakings on minimum prices for solar products was predictably light on detail. The list of participating manufacturers in the trade agreement is more or less comprehensive.
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