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GenOn Energy Inc. and NRG Energy Inc. (NRG), the company acquiring it to create the largest US independent power producer, were sued by a shareholder claiming the US$1.7 billion all-stock deal undervalues the company.
Bloomberg
OCI Solar Power signed a deal with CPS Energy today in San Antonio, Texas, to develop, own and operate the largest municipal utility solar project in the country.
Wall Street Journal
The Los Angeles Department of Water and Power has unveiled a solar plant it says can power 3,300 homes a year.
The Sacramento Bee
China is investigating whether exporters from the US and South Korea sold solar-grade polysilicon below cost, a practice known as dumping, as part of a probe following complaints from four domestic companies.
Business Week
Germany's environment ministry said on Friday it would back solar firms' efforts to bring anti-dumping proceedings against China amid a bitter price war in the industry that has left many German panel producers fighting for survival.
Reuters
LDK Solar, the world's second- biggest maker of wafers that convert sunlight to power, will have part of its debts paid by the government of the Chinese city in which it is based.
Bloomberg
Wall Street Journal
China's largest rare-earth producer plans to launch a trading platform, according to a company newsletter, in the nation's latest attempt to exert more control over the pricing of the strategically important minerals.
Wall Street Journal
The US solar industry is undergoing some serious growing pains, with bankruptcies and mergers a necessary part of that process; meanwhile, competition from China-based solar panels has many believing that US solar simply cannot compete.
CNBC
Imports of China-based solar cells and panels into the US decreased for the second straight month in May on year, according to the Coalition for American Solar Manufacturing (CASM).
Wall Street Journal
Global investment in clean energy surged 24% in the second quarter, primarily on the strength of a rise in spending on solar parks and wind farms in China.
New York Times
New York Times
Shares in Centrotherm (CTNG.DE) plunged on Wednesday after the German solar equipment maker became the latest victim of the industry's ongoing shakeout by filing for protection from creditors.
Reuters
Canadian Solar is expected to decide within months whether to build a factory that could produce 700MW per year of new, more efficient solar cells, the firm's head said on Tuesday, with any facility likely to be in China.
Chicago Tribune
Centrotherm Photovoltaics, a Germany-based solar manufacturing equipment-maker, sought bankruptcy protection.
Bloomberg
Company release
Company release
Wall Street Journal
.Solarworld Plans China Anti-Dumping Case With EU Peers By Marc Roca - Jul 3, 2012 8:23 PM GMT+0800 .Facebook Share LinkedIn Google +1 0 Comments Solarworld, Germany's biggest solar-panel maker, plans to file an anti-dumping case against China-based competitors as part of a group of Europe-based manufacturers.
Bloomberg
Finacial Times
German Chancellor Angela Merkel's government won agreement on cuts to solar-power subsidies and plans to store greenhouse gases underground, breaking a deadlock that threatened to hold up the country's energy transition.
Bloomberg
China, the biggest supplier of solar power panels, quadrupled a domestic installation goal for solar energy projects to 21GW by 2015 to help absorb the excess supply of panels and support prices.
China Daily
South Korean group Hanwha may buy insolvent German solar group Q-Cells, once the world's largest maker of solar cells, a spokesman for Hanwha Corp said on Friday.
Reuters
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