NRG Energy, the top energy provider to utilities, has also taken to providing electricity directly to consumers through installing single-building, rooftop solar panels and has plans to offer gas-fired generators, Bloomberg reports.
Recurrent Energy CEO Amo Harris said solar power would add the second-highest capacity of new power to the electric grid this year behind natural gas, Bloomberg reports.
The Wuxi Municipal Intermediate People's Court ruled to accept a petition from eight Chinese banks to push Suntech Power Holdings Co. into a insolvency restructuring plan, Bloomberg reports.
BEIJING (AP) — Suntech, one of the world's biggest solar panel manufacturers, was forced in bankruptcy court Wednesday, becoming the latest casualty of a painful slump in the global solar industry.
An official from the China Renewable Energy Society said the government could cancel subsidies for larger solar projects in favor of smaller ones, Bloomberg reports
BEIJING (AP) — Suntech, one of the world's biggest solar panel manufacturers, said Monday it had defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry.
Suntech Power Holdings Co. has no plans to make a principle payment on $541 in convertible bonds, a move that could ultimately lead to default, Bloomberg reports.
The Solar Energy Industries Association said new U.S. solar power capacity increased 76 percent from 2011 levels last year, making 2012 the best year to date for the domestic solar market, The New York Times reports.
House Budget Chairman Paul Ryan's budget refers to two solar projects backed by Energy Department loans as "ill-fated ventures" despite the continued viability of both projects, The Washington Post reports.
The United States and the European Union plan to negotiate settlements with China for the import of cheaper Chinese solar panels into Western markets, The New York Times reports.
The Supreme Court declined to hear a case from an Alaskan village arguing it should be allowed to sue energy companies for climate change damages, Reuters reports.
Business and policy groups including the Business Roundtable and the Chamber of Commerce called on the Senate to approve the Shaheen-Portman energy efficiency bill, The Hill reports.
Alaska Gov. Sean Parnell told the Interior Department his administration is willing to invest up to $50 million in an assessment of oil reserves of the Arctic National Wildlife Refuge, Bloomberg reports.
Republicans on the Senate Environment and Public Works Committee called on the EPA to suspend rulemaking for stormwater runoff until the agency opens the process to small businesses.
