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.
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.
Government sources say China will not bailout struggling Suntech Power Holdings, once the largest solar-panel manufacturer in the world, Bloomberg 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.
Though leaders have taken to preach about climate change and environmental stewardship in sermons, some churches have struggled in implementing renewable energy technology due to low-efficiency buildings and high start-up costs, The New York Times reports.
SAN FRANCISCO (AP) — Homeowners on the hunt for sparkling solar panels are lured by ads filled with images of pristine landscapes and bright sunshine, and words about the technology's benefits for the environment — and the wallet.
Duke Energy projected the United States would install more solar power generation that new wind energy projects for the first time in 2013, driven by cheaper panels and a slump in wind development, Bloomberg reports.
The San Francisco 49ers' new football stadium, slated to open in 2014, is set to be fitted with enough solar panels from NRG Energy to offset the electricity used during home games, FuelFix reports.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., asked the Justice Department to join the European Union's probe of possible oil price manipulation, Reuters reports.
Nuclear Regulatory Commission Chairman Allison Macfarlane said the NRC can't consider a public hearing on the San Onofre nuclear plant until June, when an appeal period of an Atomic Safety and Licensing Board ruling ends.
Sens. Bob Corker, R-Tenn., and Joe Manchin, D-W.V., introduced a bill that would ensure that only domestically-made biofuels can be used to meet the Renewable Fuel Standard, The Chattanoogan reports.
A federal judge refused to reconsider a ruling that upheld the Interior Department's power to ban new hard rock mining projects on federal land, The Associated Press reports.
Tesla Motors increased the value of its stock and debt offerings 30 percent to $1.08 billion to gather reserves and pay back its Energy Department loans, Bloomberg reports.
Poland called on the European Union to end energy subsidies for fossil fuels and renewable sources and cut oil imports to better combat climate change, Bloomberg reports.
The first well reports from the Utica shale in Ohio show a significant supply of natural gas but not as much oil as some energy companies were expecting, Reuters reports.
