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

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • 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.

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    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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