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Daily Archives: March 19, 2013
ReneSola sold out until July; posts record quarterly results
ReneSola reported net revenues of US$306.5 million in the fourth quarter, up 40.5% from US$218.2 million despite a decrease in the ASPs of solar wafers and modules. Full year 2012 shipments increased to a record 2.2GW, up over 70% from … Continue reading
Advanced batteries for utility-scale applications in Asia Pacific to exceed 25GW by 2022
The total installed capacity of advanced batteries for utility-scale applications in Asia Pacific is forecast to reach 25.1GW by 2022, according to a new report by market intelligence firm Pike Research. The report, Energy Storage in Asia Pacific, explains that the … Continue reading
Cross-defaults triggered for Suntech’s bonds; suppliers and lenders start payment claims – Another one bites the dust!
Suntech Power Holdings default on paying back its US$541 million convertible note last week has triggered cross-defaults on other loans, according to the company. Suntech also said in a statement, confirming its US$541 million convertible note default, that some of … Continue reading
Posted in Crystalline, PV, Solar
Tagged $541 million, Bankruptcy, Bonds, Company, Convertible bond, international finance corporation, PV Manufacturer, solar pv modules, Suntech, Suntech Power
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Mahindra launches electric car ‘e20’ priced at Rs 5.96 lakh ($10,500)
The Mahindra group today launched its first electric car ‘e2o’ priced at Rs 5.96 lakh (on road Delhi, after state subsidy), almost three years after it acquired Bangalore-based electric car maker Reva. The group also said it has plans to … Continue reading
Posted in Electric and Hybrid Vehicles
Tagged Anand Mahindra, Bangalore, Delhi, Electric car, lithium ion batteries, Mahindra, Mahindra Group, Pune, Reva
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