Suntech said it has been a victim of fraud that will reduce its 2010 net income by $60 million to $80 million, according to a statement today. The Jiangsu, China-based company has concluded that a security interest it received in connection with financing solar projects in Italy “does not exist,” and the company plans to amend financial statements for 2010, 2011 and the first quarter of 2012 early next year.
Solar PV Trade Mission Argentina & Uruguay 2016
06 Jun - 10 Jun
Buenos Aires, Argentina & Montevideo, Uruguay
Brazil’s new legislation to foster investment in distributed solar: A helpful step, yet off target to realize the market’s true potential02-05 Markets