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After months of speculation, Bosch has confirmed it will exit the crystalline solar sector.
PV Magazine
NRG Energy, the biggest power provider to US utilities, has become a renegade in the US$370 billion energy-distribution industry by providing electricity directly to consumers.
Bloomberg
Former solar billionaire and Australian citizen Shi Zhengrong is being investigated by China authorities over financial dealings that may have contributed to the insolvency of the company he founded, Suntech Power.
Sydney Morning Herald
The New York Times
Suntech Power Holdings has appointed Weiping Zhou, former chairman of Guolian Futures and finance department manager of government-owned investment company Wuxi Guolian Development, executive director and company president.
PV Magazine
The main subsidiary of Suntech Power, one of the world's largest makers of solar panels, collapsed into bankruptcy in a remarkable reversal for what had been part of a huge China government effort to dominate renewable energy industries.
The New York Times
Mitsubishi Corporation (MC), Innovation Network Corporation of Japan (INCJ) and Solar Ventures have acquired a solar project portfolio in Italy worth 42MW.
PV Magazine
China-based solar-panel makers are set to follow the lead of Suntech as the industry enters a difficult period of consolidation and "adjustment", according to a senior industry executive.
Finacial Times
China, forecast to become the largest solar-power market this year, may abolish subsidy programs for some of its largest projects and target the money instead to smaller ones, an industry official said.
Bloomberg
Each time in recent years that the Federal Reserve has paused in its efforts to stimulate the economy, it has come to regret the decision as premature.
New York Times
The trustee administering US$541 million in bonds from Suntech Power sent the solar company a notice of default yesterday as the deadline to redeem the notes passed, a person familiar with the matter said.
Sydney Morning Herald
Suntech Power Holdings said it didn't make a required payment on US$541 million of bonds that matured Friday.
Wall Street Journal
New York Times
It was a record year for solar installations in the US in 2012, boosting an industry still struggling with consolidation and bankruptcies.
CNNMoney
Company release
Five Wall Street investment and hedge funds have the most to lose as China's Suntech Power seeks more time to repay US$541 million of convertible debt.
Bloomberg
The Japan solar market has significantly changed since the introduction of feed-in-tariffs (FITs) last July. With domestic demand growing faster than expected, Japan's government has proposed a FIT reduction of around 10%.
PV Magazine
Solar panel maker Suntech Power Holdings reached an agreement with some of its lenders to defer its obligations on a US$541 million loan due this Friday by two months, providing the company more time to restructure the debt.
Reuters
US polysilicon manufacturer Hemlock Semiconductor has lodged a claim against Deutsche Solar, claiming it has breached four long-term commitments to purchase polysilicon from the Michigan-based company.
PV Magazine
Concerns about nuclear safety drew tens of thousands of people in Taiwan to a street protest in Taipei on Saturday that called for the government to stop work on a nuclear reactor being built in the north of the earthquake-prone nation.
Finacial Times
Suntech Power has reached a settlement regarding its fraud dispute with GSF Capital Pte Limited (GSF Capital). A part of the agreement has seen the China-based solar manufacturer taking over ownership of the GSF Fund.
PV Magazine
Mexico's solar capacity could treble this year driven by the richest households and the first large-scale plants, according to the head of its solar lobbying group.
Bloomberg
In an announcement on Tuesday, March 5, the stock exchange said that SolarWorld AG would be removed from the TecDAX on March 18.
PV Magazine
Suntech, the solar panel maker, has forced out its founder Shi Zhenrong, in a dispute that highlights the painful contraction in the China solar panel sector.
The Financial Times
As of today, March 5, all China-made solar modules and their main components coming into the EU must register with national customs authorities.
PV Magazine
LDK Solar announced the sale of 5,000,000 newly issued ordinary shares of LDK Solar to Fulai Investments Limited, at a purchase price of US$1.83 per share with an aggregate purchase price of US$9,150,000, thereby completing the first portion of the transaction contemplated in its share purchase agreement dated January 21, 2013 with Fulai Investments Limited.
Daily Markets
The European Union threatened to impose tariffs on solar glass from China to curb import competition for EU producers, heightening trade tensions over renewable energy.
Bloomberg
Solar could overtake oil as the world's dominant energy source by 2060 in one scenario envisioned by Royal Dutch Shell.
National Post
Over the last three years, India's Ministry of New and Renewable Energy (MNRE) has assigned 1.172 GW worth of grid-connected solar power plants. Of these, 369 MW have already been commissioned.
PV Magazine
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