The Energy Department is sticking by its green loan program, even as critics question the government's moves into venture capitalism.» Read More
*2nd- quarter loss $0.97/ ADS vs $2/ ADS year ago. Aug 27- China- based LDK Solar Co Ltd's cash levels dwindled to their lowest in nearly four years and the debt-laden company said it would be unable to meet a debt payment due on Wednesday. LDK shares were down 14 percent at $1.49 in morning trading on the New York Stock Exchange.
*Q2 cash, cash equivalents $85.1 mln, vs $174.1 mln in Q1. Aug 27- China's LDK Solar Co Ltd reported its ninth straight quarterly loss and the debt-laden company's cash levels dwindled to the lowest level in nearly four years.
HONG KONG, Aug 1- Three quarters of China's solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies to compete against Germany's Wacker Chemie AG and South Korea's OCI Co Ltd..
HONG KONG, July 29- A weekend deal between Beijing and Brussels to regulate trade in solar panels will limit Chinese firms' growth prospects in the European Union, the world's largest solar market, and force them to step up sales to' emerging' markets at home and in the United States and Japan.
*EU and China agree minimum import price near spot price. BRUSSELS/ BEIJING, July 27- China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel.
*China needs a deal by Aug. 6 or will face hefty tariffs. The conflict, the biggest trade dispute between the European Union and China, has prompted Beijing to threaten duties on European wine exports and risks sparking a trade war or creating barriers to EU companies trying to expand in China.
*China wants any restrictions to expire by end-2014. BRUSSELS, July 16- China is pushing hard for only limited restrictions on its solar panel exports to the European Union, complicating talks aimed at avoiding hefty tariffs on Chinese firms and a possible trade war, a document obtained by Reuters showed on Tuesday.
BEIJING/ HONG KONG, July 15- China aims to more than quadruple solar power generating capacity to 35 gigawatts by 2015 in an apparent bid to ease a massive glut in the domestic solar panel industry. China will add around 10 GW per year from 2013-2015, the State Council said in a statement.
HONG KONG/ BEIJING, July 8- An appeal for government financial support from China's biggest private shipbuilder presents authorities with some stark choices between protecting a big employer and its jobs or letting the firm go under to ease pressure on a sector suffering from overcapacity and sharply falling new orders.
BRUSSELS/ SHANGHAI, July 5- The European Union and China are moving towards a deal to defuse a conflict over alleged dumping of solar panels in Europe, officials from both sides said on Friday, aiming to head off a damaging trade war in goods from steel to wine.
BRUSSELS, June 18- The European Union's top trade official will discuss a dispute with China over solar panels at a meeting in Beijing on Friday, with the EU looking to negotiate a settlement to the spat and avoid a costly and debilitating trade war.
The European Union is to impose duties on imports of Chinese solar panels from Thursday, but announced a dramatically reduced initial rate after pressure from some large member states.
Growing market, falling revenues. The price decline that has hurt European panel makers has helped sustain demand in the face of Chinese competition and disappearing subsidies.
The European Commission agreed on Wednesday to impose punitive import duties on solar panels from China in a move to guard against Chinese dumping of cheap goods in Europe.
In this episode of Inside China, Eunice Yoon looks at how the bankruptcy of solar energy company Suntech led to an industry-wide downfall.
Despite the financial headwinds battering solar panel makers, alternative energy has a bright future, First Solar CEO James Hughes said Thursday.
Stocks finished off their best levels but the Dow still posted a fresh closing high Tuesday. And the S&P 500 traded within 2 points of its all-time peak earlier in the session.
Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.
Environmentalist Terry Tamminen argues companies do better when government uses its considerable buying power to help make the sustainable product market.
Suntech Power was forced into bankruptcy after defaulting on a multi-million dollar bonds payment. Gordon Johnson, Axiom Capital Management, offers insight on the impact to U.S. solar makers.