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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.
Yingli revises module shipment outlook for Q1
Chinese PV module manufacturer Yingli Green Energy is expecting PV module shipments in the first quarter to be better than earlier estimates.
Chinese court sides with Canadian Solar in contract dispute with LDK
In a legal win for Canadian Solar Inc., a Chinese court has dismissed a request by LDK Solar to enforce an arbitration award decision by a state trade arbitration commission amounting to CNY 248.9 million ($40.1 million, 31.5 million) in connection with a contract dispute between the two companies.
Centrosolar bond holders approve conversion deal
Centrosolar Group AGs creditors have overwhelmingly agreed to swap outstanding debt from a 50 million bond for 5.5 million newly issued shares in the German PV company.
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