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What next for Suntech?
Today Chinese photovoltaic module manufacturer Suntech finally admitted it had received notice of default over the US$541 million worth of 3% convertible bonds, which went unpaid on Friday.
EU energy infrastructure budget halved by austerity drive
Documentation relating to the new EU energy infrastructure guidelines has laid bare just how savagely austerity-driven leaders cut the funds available to upgrade grids to harness renewables.
Suntech "technically insolvent"; Wuxi Government to step in
As speculation mounts over whether Suntech Power Holdings Co. Ltd will default on its bond repayments and be forced to file for involuntary bankruptcy today, it seems the Wuxi Government in China is almost certain to bail Suntech out. Maxim Group writes that the company is “technically insolvent.”
Financial breakthroughs propel solar from alternative energy to mainstream industry
New financial models are expected to help propel solar from being an “alternative energy” to a mainstream industry, states U.S.-based Clean Edge. It adds that PV revenues are forecast to grow to $123.6 billion by 2022. Meanwhile, solar energy will continue to expand as a major economic force, with an increasing focus on the technology’s deployment.
SMA pays 40 million for Chinese inverter company stake
With the Chinese authorities having approved the transaction, Germanys SMA Solar Technology AG now officially owns 72.5% of China-based Jiangsu Zeversolar New Energy Co., Ltd.
US hits 7.7 GW of cumulative PV capacity
On the back of another record year for the U.S. PV market, which saw 3.31 GW installed, 2013 forecasts are for 4.3 GW of new capacity. However, while utility-scale projects dominated the PV landscape in 2012, the sector is not expected to lead this year. Three future trends have further been identified.
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.
Will PV tariffs level the playing field between the US and China?
Last year, the U.S. reproached China for being “generous to a fault” to its domestic solar manufacturers, even as the rest of the industry suffered from declining subsidies, rising inventories and internecine cost competition. But can punitive tariffs really bring prices up to parity and alleviate the pain?
Up to half of RES investment could come from institutional investors
A new study by the Climate Policy Initiative (CPI) finds that institutional investors could supply between a quarter to a half of the investment needed to fund renewable energy system (RES) projects through to 2035. Barriers including public policies and investment practices, exist, however.
7th Fab Managers Forum: PV industry drought continues
2013 will be another tough year for the photovoltaics industry, although global markets continue to grow. This was the message on the first day of SEMI Europe’s Fab Managers Forum, held yesterday in Berlin, Germany.
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