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Chinese solar panel company defaults on $541 million worth of bonds

A giant solar panel outside Suntech's offices in the eastern Chinese city of Wuxi. (AFP)

Chinese solar panel giant Suntech Power announced Monday that it was in default on its debt after failing to make a payment on $541 million worth of bonds. One of the world’s top two solar cell and panel producers, targeted last year by US trade sanctions, Suntech said it had…

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Solar vehicles in Chile race across world’s driest desert

Solar powered racer in Chile via AFP

Fifteen solar panel vehicles, some that look like small space ships, raced across Chile’s Atacama desert as part of a contest to build low-cost environmentally-friendly cars. Teams from countries like Argentina, Chile, India and Venezuela have crafted aerodynamic racers to speed across 1,300 kilometers (800 miles) of the world’s driest…

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China ‘deeply concerned’ over U.S. solar ruling

solarpanel-afp

BEIJING — China said it was “deeply concerned” after a US trade panel ruled that Chinese companies have harmed the US solar panel industry by selling products at unfairly cheap prices. The US International Trade Commission voted unanimously on Friday that there was a “reasonable indication” that Chinese solar cell…

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