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LDK Silicon's lenders hold fate of the debt-saddled group
Debt-stricken polysilicon, wafer and module manufacturer LDK Solar could be set for more tough talks with lenders after admitting to the U.S. Securities and Exchange Commission (SEC) that it will breach the terms of a June 2011 share sale.
Ontario to remove domestic content requirement from FIT program
Following the failure of an appeal to the World Trade Organization (WTO) decision against the domestic content requirement of its renewable energy FIT scheme, the Ontario Energy Department has announced plans to remove the offending provision.
SolarWorld CEO proposes multi million euro lifeline for the company
Frank Asbeck, CEO and founder of SolarWorld AG, has proposed to invest a double-digit-million euro amount to help his debt-ridden company survive its difficult financial situation, according to German newspaper Handelsblatt.
Google invests $10m in South African solar project
Google director Rick Needham has revealed the search engine giant has invested ZAR103 million (US$10 million) in the Jasper Power Project.
Yingli losses more than double in first quarter
Yingli Green Energys net loss more than doubled in the first quarter of the year to CNY 611.8 million ($98.5 million, 75.6 million) as PV module shipments declined, resulting in a 15% drop in revenue to CNY 2.68 billion ($431.4 million). The group also announced a new finance chief as well as major deal in South Africa for 96 MW of PV modules for a new solar plant.
Hanwha SolarOne narrows first quarter net loss as shipments rise
Hanwha SolarOne Co. Ltd. narrowed its net loss in the first quarter as higher shipments boosted overall revenue.
SolarWorld Q1 losses surpass $50 million
Declining shipments, price pressure and a downturn in the domestic market took their toll on SolarWorlds bottom line in the first quarter of the year: the one-time industry leader saw a significant drop in revenue while losses swelled dramatically.
[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.
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