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Manz records 2015 revenue slightly above forecast but 27.4% down from 2014
Manz AG announced its 2015 financial results indicating significant loss mostly in its electronics sector due to order cancellations and delays of around EUR 140 million. The company expects to grow its capital in 2016 due to the strategic collaboration with Shanghai Electric in the solar sector.
SEC investigating alleged SunEdison liquidity claims
According to the Wall Street Journal, the Securities and Exchange Commission doubts SunEdison’s claims that its $1.4 billion in cash is readily available, and is investigating how much cash the company had to hand in August when certain claims were made.
Abengoa given seven-month extension to agree on debt restructuring
Creditors of the Spanish renewable energy giant have agreed upon a seven-month grace period to allow the company to approve a restructuring of its debt, and avoid immediate bankruptcy.
Eging reports sharp growth in 2015
China module manufacturer Eging PV releases audited annual report for 2015 showing steep growth over past year; firm records new high in multi aspects of its business.
SunPower, Total collaborate on 27 MW Japan solar farm
Large-scale solar plan follows flurry of ground-mount completions in the Japanese mega solar sector. Analysts, however, expect wholesale shift towards rooftop sector in coming months as policy changes alter PV landscape.
REC announces s$250m R&D and production expansion in Singapore
Norway’s REC Group to invest s$250 million in automation ramp up at its Singapore HQ, with a portion of those funds to be steered towards R&D via collaboration with Solar Energy Research Institute of Singapore.
Singulus Technologies AG aims hopes at solar industry after reducing loses in 2015
After a tough couple of years for the PV equipment supplier, 2015 represented a slight turn around in fortunes for the German company, as it narrowed its net loses and put plans in place for a debt restructuring.
Singulus Technologies AG aims hopes at solar industry after reducing loses in 2015
After a tough couple of years for the PV equipment supplier, 2015 represented a slight turn around in fortunes for the German company, as it narrowed its net loses and put plans in place for a debt restructuring.
Polysilicon prices on the rise in China, but the US is excluded
A sharp rise in demand for polysilicon in China is leading to a partial price recovery; however US manufacturers are unable to take advantage after losing access to the market, according to market research company IHS.
Reports of SunEdison in debtor-in-possession talks, danger of bankruptcy
The long slide of SunEdisons finances may be nearing bankruptcy, with a financial intelligence firm reporting that the company is in debtor-in-possession talks.
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