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Several China-based solar power companies are reporting lackluster earnings today.
Forbes
Chinese solar panel makers plan to shift some of their production to South Korea, Taiwan and the United States in hopes of defusing a trade case pending against them in Washington, according to industry executives.
New York Times
San Francisco Business Time
Under fire from angry Republicans, US Energy Secretary Steven Chu denied Thursday that now bankrupt solar panel firm Solyndra leveraged political ties to President Barack Obama for a government loan.
AFP
China Sunergy Co. (CSUN) swung to a third-quarter loss despite a jump in sales as the Chinese solar-products maker saw its margins plunge into negative territory amid falling solar panel prices.
Wall Street Journal
China-based module provider JinkoSolar has today revealed plans to install a 5MW solar plant in the UK with AEE Renewables.
Solar Power Portal
GCL-Poly Energy Holdings Ltd., China's biggest polysilicon maker, plans to sell 1.5 billion yuan ($236 million) of 7.05 percent notes due in 2018 to increase production capacity amid a global surplus.
Business Week
The US Department of Energy (DOE) revealed its latest funding under the SunShot Initiative with a US$7 million effort for the reduction of non-hardware costs of residential and commercial PV installations.
PV-Tech
Daily Finance
Undeterred by recent green energy debacles, even the oft-cloudy Windy City plans to get into the solar subsidy scrimmage.
Forbes
Weak market demand and falling module prices have forced JinkoSolar to revise financial guidance for the third quarter and full-year 2011.
PV-Tech
Germany's largest module manufacturer, SolarWorld reported weakening financial conditions in the third quarter. Shipments and revenue remained flat with the second quarter but margins declined as weak demand and declining prices impacted results.
PV-Tech
Sydney Morning Herald
A concerted effort to increase sales overseas, though not a player in the expanding China market, SMA Solar Technology reported it had claimed back lost market share in the first 9-months of 2011.
PV-Tech
Siemens' renewable energy division has reported a fourth-quarter loss, after writing off ??31m (瞿197m) in its solar power business.
Business Green
SPI Solar said it has sold $42 million worth of solar panels to a New Jersey solar energy developer.
The Sacramento Bee
The United States and China are gearing up for a trade war that could catch American users of solar energy in the crossfire.
New York Times
Energy Conversion Devices Inc on Tuesday said it temporarily suspended manufacturing of its lightweight solar products, is cutting 500 jobs and has hired an advisory firm to help attract additional investment as it struggles to compete in the cutthroat solar power industry.
Reuters Africa
California is on track to meet an ambitious goal of putting solar panels on up to 3 million Golden State homes by 2016, according to a new report by an environmental group.
LA Times
The Commerce Department said on Wednesday it would investigate whether Chinese companies sell solar panels in the United States at unfair discounts and receive illegal government subsidies.
REC modules were selected for a 5MW module solar power plant developed by Kanoria Chemicals & Industries Limited ("KCI") which is among the first projects to benefit from the Renewable Energy Certificate Mechanism in India.
Company release
Climate action groups have hailed Parliament's approval of a carbon tax while warning it is just a first step.
Sydney Morning Herald
For decades the story of technology has been dominated, in the popular mind and to a large extent in reality, by computing and the things you can do with it.
New York Times
If oil prices fell from their 2008 peak as far as solar component prices have, a barrel of oil would cost about $10 - a 93 percent drop. Everyone could afford to fuel his own Formula One racecar.
Bloomberg
ReneSola Ltd. reined in its guidance for third-quarter revenue and shipments, while noting it expects to post a loss for the period due to continued weak demand and industry oversupply.
Wall Street Journal
Yingli Green Energy Holding Co. and Renesola Ltd., two Chinese solar companies, reduced their forecasts for shipments and cut the estimated values of their inventories.
Business Week
China Sunergy and REC Wafer have spent the last few years to-ing and fro-ing between courts in Norway and China in the hope of reaching a settlement over the termination of a supply contract by REC Wafer.
PV-Tech
The Globe and Mail
Marketwatch.com (Dow Jones)
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