Solar and alternative energy companies have altered their loan agreements as they struggle with price competition. Both LDK Solar Co. Ltd., maker of multicrystalline wafers for solar panels, and Envision Solar International Inc., have recently amended their loans. Xinyu City, China-based LDK Solar announced in a filing with the U.S. Securities and Exchange Commission that it came to a 30-day forbearance agreement on its notes.
The company had an interest payment due on the notes in August, which it did not make. Previously, the company announced a forbearance period in September. The manufacturer also has offices in Sunnyvale, Calif.