NewEnergyNews: BIG CHINA SUN FIRM FLOUNDERING

NewEnergyNews

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

The new challenge: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-GLOBAL BANKING GIANT SEES WORLD HEATING UP
  • FRIDAY WORLD HEADLINE-FRENCH NEW ENERGY CAN BEAT ITS NUKES
  • FRIDAY WORLD HEADLINE-CHINA'S ANSWER TO TESLA
  • FRIDAY WORLD HEADLINE-SO. AFRICA LOOKS TO SOLAR
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, April 23:

  • TTTA Thursday-CLIMATE CHANGE HITS WOMEN HARDEST
  • TTTA Thursday-WIRELESS EV CHARGING
  • TTTA Thursday-WIND COULD BE GREAT ON THE GREAT LAKES
  • TTTA Thursday-THE CHANGE NEW ENERGY NEEDS
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    GET THE DAILY HEADLINES EMAIL: CLICK HERE TO SUBMIT YOUR EMAIL ADDRESS OR SEND YOUR EMAIL ADDRESS TO: herman@NewEnergyNews.net

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    THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: THE NEW GUIDE TO THE NATION'S BEST SOLAR POLICIES — AND HOW TO EMULATE THEM
  • QUICK NEWS, April 22: EARTH DAY PROGRESS REPORT; EARTH – WHAT NASA SEES; FROM THE SUN, FOR THE EARTH
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: HOW MUCH NEW ENERGY CAN CHINA BUILD?
  • QUICK NEWS, April 21: HOW TO DECIDE ON SOLAR; NEW ENERGY’S PROPERTY VALUE; THE EPA CLEAN POWER PLAN, JOBS, AND THE ECONOMY
  • AND THE DAY BEFORE THAT

  • TODAY’S STUDY: SOLAR IS NOW AFFORDABLE AND GETTING MORESO
  • QUICK NEWS, April 20: GULF OIL SPILL IMPACTS GO ON; SUNPOWER, APPLE DO SOLAR IN CHINA; THREE BETS ON WIND
  • THE LAST DAY UP HERE

  • Weekend Video: The President, Florida, And Climate Change
  • Weekend Video: Bill Maher On Climate Change Zombies
  • Weekend Video: Climate Change Denial Disorder
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    Anne B. Butterfield of Daily Camera and Huffington Post, 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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    Your intrepid reporter

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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.

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  • 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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