NewEnergyNews: BIG CHINA SUN FIRM FLOUNDERING

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-The Best Movies About Climate Change
  • FRIDAY WORLD HEADLINE-Saudis Move Ahead On $30Bil New Energy Buy
  • FRIDAY WORLD HEADLINE-China Wind Awaits China Demand
  • FRIDAY WORLD HEADLINE-India Solar Rising
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, January 19:

  • TTTA Thursday-The Heat Stayed On In 2016
  • TTTA Thursday-Three Ways Solar Will Grow
  • TTTA Thursday-North Carolina Ocean Wind Bidding To Open
  • TTTA Thursday-Plugs Could Change The Future of Cars Completely
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: 4 Drivers Of Solar Growth Everybody Needs To Know
  • ORIGINAL REPORTING: The Maryland RPS And The National Divide On Clean Energy
  • ORIGINAL REPORTING: Why California Wants Western Electricity Delivery Organized
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: Who In Clean Tech Is Boosting New Energy
  • QUICK NEWS, January 17: New Energy’s Fight Against Climate Change Won’t Be Done; New Energy Jobs Leapt Again Last Year; Nebraska Gets Wind Power Economy Bump
  • AND THE DAY BEFORE THAT

  • Weekend Video: A Call To Climate Action From Al Gore
  • Weekend Video: A Closer Look At Wind And Solar
  • Weekend Video: Why Solar Beats Coal
  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-Does Climate Change Make Nuclear A Good Idea?
  • FRIDAY WORLD HEADLINE-Who In The World Is Winning With Solar?
  • FRIDAY WORLD HEADLINE-Wind Powers Scotland Four Straight Days
  • FRIDAY WORLD HEADLINE-Will China Bust Open The Global EV Market?
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    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • WEEKEND VIDEOS, January 21-22:

  • Al Gore’s “Inconvenient Sequel”
  • Al Gore Talks About His “Inconvenient Sequel”
  • 2016 Was Third Record Heat Year In A Row

    Friday, December 14, 2012

    BIG CHINA SUN FIRM FLOUNDERING

    Suntech To Re-Issue Financial Results Due To Securities Fraud

    10 December 2012 (Solar Industry)

    “In its third-quarter 2012 results, Suntech…will re-issue several of its previous financial statements after the completion of an investigation into…a 554.2 million euro security interest received in connection with its investment in Global Solar Fund SCA, Sicar (GSF)…[It has] determined that the security interest did not exist and that Suntech…[was] a victim of fraud.

    “…Suntech's audit committee of the board of directors and the management team have concluded that Suntech's interim condensed financial information for 2010, 2011 and first quarter 2012, and its annual consolidated financial statements for 2010 and 2011, together with the accompanying reports of Suntech's independent registered accounting firm for 2010 and 2011, should not be relied upon by investors…”

    “GSF caused additional trouble for Suntech earlier this year by failing to comply with project permitting processes in Italy….[but] Suntech reports that investigations into GSF subsidiaries by Italian authorities have yet to result in any charges…

    “Legal fees from the GSF matters weighed on Suntech's third-quarter results; the company reported a $6 million impact on its operating expenses. Meanwhile, PV module shipments declined approximately 10% from the second quarter, and revenues were down approximately 18%.”

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