China is now expected to reach 40GW of installations by 2015. There is a certain amount of expectation that small companies will be marginalized and financial support will be given to an elite group.

This turnaround is attributed to successful restructuring that the business has gone through over a period of five quarters.

As a peer group, the debt level increased by $150M and the combined debt level stands at $19B

Conergy, in collaboration with Chinese project developer Ensunt Holdings, will build Pakistan’s first and largest 50MW solar power plant.

In April, the company sold its inverter business, voltwerk electronics GmbH to the Bosch Group, generating preliminary income of €4.7M