in News Departments > New & Noteworthy
print the content item

comments: 0

China-based PV manufacturer LDK Solar Co. Ltd. says that LDK New Energy Holding Ltd. (LDK New Energy), the controlling shareholder of LDK Solar, has been negotiating with its lenders with respect to a loan outstanding under a credit agreement, as amended.

The lenders have agreed to forbear from exercising their power of sale with regard to part of the pledged collateral arising as a result of various prior defaults under the credit facility by LDK New Energy for a period of 12 months toward the end of September 2013, subject to terms and conditions.

LDK New Energy has pledged collateral, including ordinary shares and American depository shares of LDK Solar, representing approximately an aggregate of 52.9% of LDK Solar's total outstanding share capital.




SolarEnergyTradeShow_id1384

Surrette_id1409
Latest Top Stories

Buoyed By Business Deals, Solar Dominates New U.S. Cleantech Jobs

A hot solar sector helped double the number of new clean energy and transportation jobs in the second quarter of the year compared with the first.


Hawaiian Electric's Solar Plans Put New Focus On DG Interconnection

Hawaiian Electric Co.'s proposed energy plan includes ambitious goals for solar integration that address grid integrity issues. Installers, however, find little to cheer in the short run.


N.Y. Property Tax Exemption For Renewables Bill Ready For Signature

In a move that is expected to boost renewable energy in the state, the New York legislature has sent Gov. Andrew Cuomo a bill that would extend property tax exemptions for certain solar, wind and biomass projects to Jan. 1, 2025.


Are Solar Shingles Coming To A Rooftop Near You?

Despite the initial hype, the new technology has been slow to make inroads against conventional rooftop solar.


Solar Cell Production Line Upgrades Driving Higher PV Performance

Manufacturers of multicrystalline solar cells are seeking to improve performance by implementing new technologies on existing lines.

SilcoTek
Lufft_id1410
S&C Electric_id1352
PVcobra_id1394
WIP_id1320