Panda Green settles $350m notes with hours to spare
The debt-saddled developer now has to hope its latest, $230 million state bail-out goes ahead before summer or it will be left $260 million in hock to its Beijing-owned main shareholder.
China Huaneng to acquire 294 MW of GCL New Energy projects
The state-owned electric utility is preparing to acquire seven project companies in China, generating $156 million for the developer and removing a further $385 million of liabilities from its books.
Singyes owner Shuifa to funnel $62m into the business
The construction group, which indirectly owns 67% of the solar developer will pay the funds to complete the $98m sale of two 50 MW solar farms in China to a third-party soon to also be controlled by Shuifa.
Panda Green update: shareholder China Merchants shaken down for $260m
The debt-saddled developer has turned to another of its state-owned backers to dig it out of a hole as it scrambles to raise $242 million in eight days.
All-inorganic perovskite solar cell hits 16.1% efficiency
Researchers from the City University of Hong Kong have developed an all-inorganic perovskite cell with an electron-pair donor which offers a pair of non-bonding electrons. The cell was developed by applying that ‘Lewis base’ small molecule to passivate the inorganic perovskite film.
Panda Green showcases its full portfolio
The embattled developer today published what appears to be a sales pitch as it seeks urgent investors ahead of an eight-day debt deadline.
Solargiga hits 10% revenue rise – on back of 48% more shipments
The Chinese manufacturer had to ship a lot more ingots, wafers, cells and modules to secure a modest rise in returns, according to its unaudited 2019 figures.
State-owned entity delays Panda Green bail-out in wake of debt restructure setback
Panda Green today said delays acquiring the necessary approvals were responsible for holding up its critical HK$1.79 billion lifeline but the deadline for completion had originally been put back to coincide with publication of the results of a debt restructuring proposal which ultimately tempted less than a third of note holders.
Panda Green’s hopes of postponing debt are dashed
The heavily-indebted, Chinese state-owned solar project developer now has ten days to rustle up $242 million after a debt restructuring proposal was accepted by less than a third of its creditors.
Chinese investor buys 14% stake in Comtec Solar
Sun Da has moved to become the lithium energy storage and electric vehicle battery company’s second largest investor, raising HK$10.3 million for the business in the process.
