NewEnergyNews: BIG CHINA SUN FIRM FLOUNDERING

NewEnergyNews

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

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YESTERDAY

  • ORIGINAL REPORTING: Some Numbers Behind The Solar Boom
  • ORIGINAL REPORTING: The Utility Of The Future Takes Shape
  • THE DAY BEFORE

  • TODAY’S STUDY: Utilities And New Energy – The Good, The Bad And The Others
  • QUICK NEWS, June 28: Voters, Including Republicans, Move On Climate; World’s Biggest Wind Turbine; The Landmark New York Solar Price Deal
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: The Numbers Behind The Diablo Canyon Shutdown
  • QUICK NEWS, June 27: Dems Platform Calls For More Climate Change Science; SolarCity Could Become Tesla; What The Wind Industry Has Built
  • THE DAY BEFORE THAT

  • Weekend Video: Landmark Deal Will Close Last California Nuke Plant
  • Weekend Video: Say Goodbye To Diablo Canyon
  • Weekend Video: Say Hello To Solar
  • AND THE DAY BEFORE THAT

  • ORIGINAL REPORTING -- A good rate design is hard to find
  • ORIGINAL REPORTING -- Growing Pains For Community Solar
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING – VP Joe Biden Talks Solar
  • ORIGINAL REPORTING -- Solar as utility partner and good citizen of the grid
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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.

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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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