Chinese solar power firm defaults on debts
Suntech, one of the world's biggest solar panel manufacturers, has defaulted on a $541m (£358m) bond payment in the latest sign of the financial squeeze on the struggling global solar industry.
Suntech Power Holdings' announcement was a severe setback for a company lauded by China's Communist government as a leader of efforts to make the country a centre of the renewable energy industry. Its founder, Shi Zhengrong, became one of the industry's most prominent entrepreneurs and a billionaire, only to see most of his fortune evaporate as the company's share price plummeted.
The company is "exploring strategic alternatives with lenders and potential investors," David King, who replaced Shi as a CEO last year, said in a statement.
Suntech was due to make a $541m bond payment on Friday but ran short of cash following heavy losses over the past year.
Morgan Technical Ceramics to Attend the Phosphor Global Summit
Company will showcase innovative ceramic materials used in the manufacturing of LEDs
All Eco Energy Comment On The Possible Introduction Of Tariffs On Chinese Solar Products
All Eco Energy discuss their views on how tariffs being put on Chinese imported Solar PV modules could impact the EU and US solar industry.
Rising Energy Production from Renewables to Drive Global Market for Utility-Scale Renewable Energy Storage, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Utility-Scale Renewable Energy Storage markets. Global market for Utility-Scale Renewable Energy Storage Technologies is projected to reach US$33.6 billion by 2018, primarily driven by the growing contribution of solar and wind energy to a utility's energy mix.
Ener-G-Rotors Focus Shifting from R&D to Commercialization
New grants to support manufacturing of the GEN4 - the company's award-winning waste heat to electricity appliance
First Solar Donates Thin-Film Solar Modules to Inner Mongolia University of Technology Students for 2013 Solar Decathlon Competition
Inner Mongolia University of Technology (IMUT) will use the Company's advanced thin-film solar photovoltaic (PV) modules to power its house in the 2013 Solar Decathlon China competition
Martifer Solar Completes Two Photovoltaic Projects in Spain in a Total of 4.26 MWp
The company was responsible for the engineering, procurement and construction of the projects, and will be in charge of the Operation and Maintenance (O&M) services
---Martifer Solar has already installed 60 MW in Spain
World Efficiency Record for CPV Cells Achieved on Veeco MBE System
The system is instrumental in pushing the boundaries of technology to make CPV a more competitive option for solar power.
Solar America Begins Second Project in Mexico
Solar America will be the exclusive provider of solar power and solar lighting solutions for San Nicolas project.
TI introduces industry's first reconfigurable DC arc detect reference solution
RD-195 reliably detects electrical arc faults and alerts system to avert fires
BIGGER THAN YOU THINK - THE HIDDEN RESERVES OF CLEAN ENERGY PROJECTS
Analysis from Bloomberg New Energy Finance shows that the energy reserves contained in wind and bioenergy projects in the US and Brazil are significant compared to oil and gas
PRYSMIAN AT THE SECOND ANNUAL CONFERENCE OF THE FRIENDS OF THE SUPERGRID, "NO TRANSITION WITHOUT TRANSMISSION".
"REGULATORY UNCERTAINTY NOT TECHNOLOGY REMAINS THE MAIN BARRIER TO DELIVERING AN
INTEGRATED GRID NETWORK IN EUROPE" SAY INDUSTRY LEADERS.
New Renewable Energy Skills Network Launched in Scotland
Scottish Finance Secretary John Swinney welcomed the new project
DSM acquires innovative light trapping technology for solar modules
Royal DSM, the global Life Sciences and Materials Sciences company, today announces that it has acquired the SolarExcel company. Based in Venray (Netherlands) SolarExcel has developed a proprietary light trapping technology that can significantly increase the efficiency of solar panels. With the acquisition DSM expands its growing portfolio of solar energy enabling technologies. Financial details of the acquisition are not disclosed.
Japan to Install More than 5 Gigawatts of PV Systems in 2013 – Overtaking Germany and the US
Overly Generous Incentives Spurs a Booming Market
Records 18841 to 18855 of 30729
First | Previous | Next | Last
Solar Power - Featured Product
Terrasmart - Reduce Risk and Accelerate Solar Installations
We push the limits in renewable energy, focusing on innovation to drive progress. Pioneering new solutions and ground-breaking technology, and smarter ways of working to make progress for our clients and the industry.
