China-based Suntech Power Holdings Co Ltd said it would close its only solar panel-making plant in the United States to cut costs, two years after opening the facility that never reached full production. Shares of the company, struggling to cover a convertible bond due this Friday, fell 9 percent to $1.05, their lowest in more than two months. Suntech opened the plant in Goodyear, Arizona in September 2010, saying that making panels in the United States would reduce time, costs and greenhouse gas emissions related to sourcing panels from overseas. The plant, however, has been weighed down by U.S. import tariffs on solar cells and aluminum frames as well as a global panel oversupply. Suntech is required to pay duties of 35.97 percent on solar cells imported from China and used in the plant, the company said on Tuesday. The plant, originally expected to scale up to 120 megawatts (MW) per year, was scaled down to 15 MW in November. The closure, slated for April 3, will affect 43 employees, the company said. Suntech had 17,693 employees as of December 2011, the latest period for which job data is available.
Sullivan Solar Power to install 784,000 watts of additional solar power on campus
Less than one percent of Mexico's land area would need to be developed to power the entire nation.
Smart Modules will power California solar farms
Clean Edge's Annual Trends Report Finds Increased Deployment, But Global Market Value Increases Only Slightly, Up 1 Percent, to $249 Billion
2013 marks the 25th anniversary of Siemens Wind Power's Test and Measurement Department
The cost of enzymes, pre-treatment and fermentation have fallen significantly, but cellulosic biofuels still have some way to go to reduce project capital expenditure if they are to be competitive with corn-based ethanol and with gasoline
Greek installation partner is GreenTop S.A. relies on MLD technology
Creotecc is currently in phase two testing with UL for an innovative, new module grounding solution.
Unique financing model saves teachers' jobs, reduces furloughs; State officials commend school on innovative approach to hedge against budget cuts
PV Equipment Manufacturer to Increase Capacity for Glass-to-Glass and Bi Facial Solar Panels
The opening of the new branch office reflects the successful collaboration between KACO new energy and GREEN TEC.
This represents the first phase of major solar power plants that will develop around San Antonio by 2016.
Danish Government made it even more advantageous, farmers can sell all produced electricity to the grid at a guaranteed price of 1,30 kroners (0,17 eurocents) per kWh during ten years.
Another year of single-digit growth forecast for the PV industry, with China, Japan, and India accounting for 36% of global demand
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