in News Departments > New & Noteworthy
print the content item

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.




Hybrid Energy Innovations 2015

ModSolar_A_id1434
Latest Top Stories

Energy Department Invests Millions More In Cost-Cutting Solar R&D

The U.S. Department of Energy (DOE) is awarding $53 million to dozens of research and development (R&D) projects that aim to drive down the cost of solar energy.


TVA Reconsiders Solar's Role And Value In New Resource Plan And Grid Study

Critics point to wide variations in caps and premiums paid for solar under the Tennessee Valley Authority's (TVA) current plan. The utility agency says it will incorporate more solar stakeholders in future programs.


After Massachusetts' 'Godfather Of Solar' Exits, Will The New Gov. Step Up?

Bay State solar developers and suppliers look back on the legacy of Gov. Deval Patrick while awaiting Massachusetts’ incoming chief executive.


Do PV Customers Benefit From Incentive Programs In California?

Government incentives, such as the California Solar Initiative, have been instrumental in the growth of the photovoltaic industry over the past decade. Researchers have studied the degree to which these incentives have been passed on to PV customers.


Volatility Creeping Into Mass. Solar Sector Shakes Up Larger Developers

Players in the so-called "managed growth" sector of the commonwealth - 6 MW and larger - are concerned that the field keeps shifting under their feet.

GoIndustry (UK) Limited_id1446
Heilind_id1430
CanSolIndus_id1429
Ingeteam_id1433
PVcobra_id1394