SolarWorld alleged plan ahead 2-3 Zhou Dacheng Restructuring Agreement

Thursday, two sources familiar with the talks said, the SolarWorld and creditors of the ailing German solar panel manufacturer's restructuring plan in the next two to three weeks to reach an agreement. A source said: "We are looking for a rational and sustainable solutions, one does not need SolarWorld filed for bankruptcy program.

Another source said, the creditors will cancel some of the debt, and the debt to equity when the equity held by the shareholders may be significantly less than 10%. The third person familiar with the situation said the debt swap is an option which may take. SolarWorld declined to comment. SolarWorld adviser Houlihan Lokey and creditors adviser Macquarie refused to comment on the matter. SolarWorld liabilities of 900 million euros ($ 1.2 billion), but also face the adverse situation of weak demand, industry overcapacity and decline in government subsidies.

SolarWorld is one of Germany's largest flexible solar panels group. The company said Wednesday that its losses in 2012 is expected to reach half of the nominal share capital is expected equity capital loss of 20 million to 50 million euros. SolarWorld said the plummeting price of solar panels and asset write-downs in 2012 led to a loss of 520 million euros to 550 million euros. In addition, ongoing books audits may "significantly alter" the estimated amount. SolarWorld has long been called for the alleged price dumping practices exist in the solar industry to take measures and initiate action leading European solar panel manufacturer in the United States and Europe, accused the Chinese competitors receive state subsidies, lower than the market price to the EU sales of solar panels, leading European companies out of business.

Penghu the low carbon Island project plan "is to build more than two years since the Ministry of Economic Affairs to promote the results. Deputy Secretary for Energy Wangyun Ming has completed Penghu Island 20, low-carbon how to build solar panels photovoltaic power generation system settings, with a total funding of NT $ 3.4 billion, with a total installed capacity of 1560KW, estimated issued 1,950,000 kWh per year, serves 492 families electricity, annual carbon reduction of up to 1,197 tons.

Most unique building integrated photovoltaic (BIPV) system the Makung airport photovoltaic carport, the first fishing port of outdoor recreational optical Gallery Solar Tree, the third fishing port solar shade corridor system.

In addition to the Photovoltaic Energy Board also announced the main road to the settings of the LED lights results, a total of 1310, the estimated annual amount of carbon reduction of up to 808 tonnes.

Ended March, "the government" for the people of Penghu provide a number of grants, including grants residents to buy energy-saving appliances up to 4597, the installation of solar water heater 93, the purchase of motor vehicles 2170. Wangyun Ming also notice on the 21st will be held in Penghu airport, "low-carbon takeoff glorious the Penghu solar Festival-cum-painting event, hope primary school students through a painting event depict their hearts Penghu low-carbon island imagery.