Suntech Singapore has been ordered to pay Suntech Power Holdings’ immediate subsidiary Power Solar System (PSS) nearly US$264 million. The court in Singapore made the award to PSS on Monday after its liquidators claimed it was owed US$263,910,599 plus 5.33% interest and......[More]

The RMB3 billion (US$492 million) bid from Shunfeng Photovoltaic International for Suntech’s manufacturing arm has been accepted by the administrator of the flailing firm. Shunfeng announced that the balance of the bid would be paid once a court in Wuxi has approved the......[More]

Shunfeng Photovoltaic International has successfully acquired the PV manufacturing operations of Suntech Wuxi with administrator approval for around US$490 million. Suntech Wuxi had debts of more than US$2.3 billion. In a statement issued at the weekend, Shunfeng said t......[More]

Suntech will build the projects for Israeli infrastructure company Shikun & Binui Group through a deal worth about $20 million, according to the article. Using its own modules, Suntech will build a 5 MW solar park in Kibbutz Sde Boker and a 6 MW power plant in Kibbutz H......[More]

Suntech Power Holdings officially said for the first time that it would not pay holders of its US$541 million convertible bonds due today. The company made the statement in response to a New York Stock Exchange request to explain the unusual trading activity of Suntech’......[More]

Suntech Power Holdings has decided to permanently close its module assembly plant in Arizona with the loss of 43 jobs, citing US government imposed duties on imported solar cells and aluminium used in solar module frames. The Arizona plant was established in October 201......[More]