NewEnergyNews: BIG CHINA SUN FIRM FLOUNDERING

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The challenge now: To make every day Earth Day.

YESTERDAY

  • TODAY’S STUDY: The Economic Impacts Of New England’s Carbon Trading Market
  • QUICK NEWS, April 23: “Letter From A Teenage Girl Who Has Had Enough”; The Many Values Of Ocean Wind; Solar For All
  • THE DAY BEFORE

  • Weekend Video: Earth Day 2018
  • Weekend Video: A Daily Show Take On Earth Day
  • Weekend Video: First U.S. Ocean Wind
  • THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-Human Population And Global Weirding
  • FRIDAY WORLD HEADLINE-Global Wind Still Focused On Big Markets
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  • FRIDAY WORLD HEADLINE-World’s Biggest Wave Energy For Bali
  • THE DAY BEFORE THAT

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

  • TTTA Thursday-Study Shows A Carbon Tax Can Work
  • TTTA Thursday-Wind Power Was 6.3% Of U.S. Power In 2017
  • TTTA Thursday-Global Solar Boom To Get Bigger In 2018
  • TTTA Thursday-U.S. Cities Are Getting More Efficient
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: Utility Pilot Projects Could Soothe Contentious Regulatory Proceedings
  • ORIGINAL REPORTING: Utility Success With Corporate Renewables Moves On Existing Load
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    Founding Editor Herman K. Trabish

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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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  • TODAY AT NewEnergyNews, April 24:

  • TODAY’S STUDY: The Value Of Offshore Wind
  • QUICK NEWS, April 24: Another ‘This Is It’ Moment For Climate Change; Here’s Why Wind Is A Winner; Solar For The Heartlands

    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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