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.
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.
Wind and solar developers have filed hundreds of proposals for projects on federal property in a renewable energy land rush that started with passage of the 2005 energy law, though only a relative few have been approved.
In a new report issued Wednesday, the Government Accountability Office said 416 applications have been filed with the Bureau of Land Management for utility-scale projects since the law's passage. Of those, 350 were for solar development on lands in Arizona, California and Nevada.
Interior Secretary Ken Salazar joined California Gov. Jerry Brown to announce the approval of construction for three renewable energy projects on Bureau of Land Management land in Nevada and California, The Associated Press reports.
WASHINGTON (AP) — American businesses complained to lawmakers Wednesday about Indian trade protectionism, contending that tariff and regulatory barriers are shutting out foreign firms despite the nation's market-opening reforms.
Liberal watchdog group Checks and Balances Project said the State Department inspector general is investigating potential conflicts of interests in the department's environmental review of the Keystone XL pipeline, The Hill reports.