Suntech Power Holdings Co. Ltd (STPFQ) 0.3108 $STPFQ
Equity Interests in Wuxi Suntech and its Subsidiary Purported to be Transferred to Third Party
PR Newswire - Thu Apr 10, 8:54AM CDT
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech Power"
today announced that it is aware of the Hong Kong Stock Exchange announcement made by Shunfeng Photovoltaic International Ltd. ("Shunfeng" that the conditions precedent to the purported acquisition of 100% of the equity interests of Wuxi Suntech pursuant to the terms and conditions under the restructuring plan of Wuxi Suntech as approved by the Wuxi Intermediate People's Court have been fulfilled, and as a result all of the equity interests of Wuxi Suntech shall be transferred to an affiliate of Shunfeng.
Suntech Singapore Fails to Pay the Judgment Debt Due to PSS and has Its Equity Interest in a Core Subsidiary Frozen by the PRC Court
PR Newswire - Tue Mar 18, 1:23AM CDT
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that, following the January 27, 2014 judgment from the High Court of the Republic of Singapore ordering Suntech Power Investment Pte., Ltd. ("Suntech Singapore" to pay to Suntech's subsidiary, Power Solar System Co., Ltd. (in liquidation) ("PSS" , approximately US$263.9 million (the "Judgment Debt" , on February 20, 2014, the Liquidator of PSS issued a statutory demand against Suntech Singapore for the Judgment Debt. Suntech Singapore was required to repay the Judgment Debt by March 13, 2014, but it has failed to do so. Suntech Singapore is now deemed to be unable to pay its debts under the Singapore Companies Act. However, on March 12, 2014, Suntech Singapore filed an application to set aside the Judgment Debt. PSS is considering the application and will make further announcements as may be warranted.
Asia-Pacific Solar Photovoltaic Module Market to Witness Modest Growth by 2015 says new Research Report
M2 - Wed Mar 05, 4:07AM CST
Research and Markets (http://www.researchandmarkets.com/research/zg5kv5/asiapacific) has announced the addition of the "Asia-Pacific Solar Photovoltaic Market Outlook to 2030 - Installed Capacity, Market Size, Risk Analysis, Market Saturation and Company Profiles" report to their offering. The Asia-Pacific (APAC) solar photovoltaic (PV) module market value is forecast to show modest growth by the end of next year, jumping from $6.7 billion in 2012 to $8.6 billion by 2015, at a Compound Annual Growth Rate (CAGR) of 7.9% The APAC region's solar PV installed capacity is also expected to increase over the coming years, from 19.6 Gigawatts (GW) in 2012 to 420.6 GW by 2030, at a CAGR of 18.6%. In 2013, China and Japan led the region with a combined total of 77% of its solar PV installed capacity. Prasad Tanikella, Senior Report Analyst covering Alternative Energy, says: Governments in the region are promoting solar PV through various long-terms policies, financial incentives, subsidies and tax benefits. The strong commitment from APAC's countries towards the development of solar energy has led to many research and development initiatives and increased solar power plant installations, which will drive future market growth. APAC is also the world leader for solar energy systems manufacturing, with Japan, China and Taiwan being three of the largest solar PV cell producers. Tanikella continues: With favorable conditions contributing to a thriving manufacturing industry, China continued to be the world's largest manufacturer of solar modules for the sixth consecutive year in 2013. Domestically available polysilicon, a favorable regulatory environment and an easily available and inexpensive labor force have allowed companies, such as Yingli Green Energy, Canadian Solar Inc., Trina Solar, LDK Solar and Suntech Power Holdings Co., to lead solar module production with annual capacities of over 1,000 megawatts each, the analyst concludes. This report provides in-depth analysis on the solar photovoltaic module market in the Asia-Pacific region as a whole and its key countries: China, Japan and South Korea. It provides historical data from 2010 and forecast data up to 2030 on installed capacity and power generation. Key Topics Covered: List of Tables List of Figures Introduction Solar Photovoltaic Market Outlook, Global Solar Photovoltaic Market Outlook, Asia-Pacific, 2010-2030 Solar Photovoltaic Market Outlook, China, 2010-2030 Solar Photovoltaic Market Outlook, Japan, 2010-2030 Solar Photovoltaic Market Outlook, South Korea, 2010-2030 Competitiveness of Solar Photovoltaic against Other Power Sources Solar Photovoltaic - Risk Analysis Solar Photovoltaic Market Saturation Solar Photovoltaic Market Outlook, Company Profiles Appendix Companies Mentioned Hanergy Holding Group Ltd, Yingli Green Energy Holding Company Limited Solar Frontier KK, TSMC Solar Ltd, Hanwha Q Cells GmbH, Avancis GmbH & Co. KG, Ascent Solar Technologies Inc., First Solar Inc., Sharp Corporation, For more information visit http://www.researchandmarkets.com/research/zg...siapacific About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Suntech Commences Proceeding in the United States in Support of Restructuring Process
PR Newswire - Sat Feb 22, 9:40AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that the joint provisional liquidators (the "JPLs" of the Company appointed by the Grand Court of the Cayman Islands to oversee the restructuring of the Company have commenced a Chapter 15 proceeding under the U.S. Bankruptcy Code in a federal court in the Southern District of New York. Under such a proceeding, the Company is seeking to have recognized in the United States the Company's overseas provisional liquidation which has previously been granted in the Cayman Islands.
Suntech CTO Receives Engineering Award for New Technique to Reduce Cost of Solar
PR Newswire - Tue Feb 18, 2:55AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today welcomed the January 20th announcement that Suntech's Chief Technology Officer (CTO), Professor Stuart Wenham, was awarded the prestigious Institution of Engineering and Technology's (IET) A F Harvey Engineering Research Prize of 300,000 pounds for Professor Wenham and his team's discovery of a new technique which can improve the efficiency of lower-grade silicon used in the production of solar panels.
Suntech Provides Update with Respect to NYSE Appeal
PR Newswire - Thu Feb 13, 11:00PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that the NYSE's Committee for Review has upheld a decision previously made by NYSE Regulation, Inc. to commence delisting proceedings of the Company's American Depositary Shares. The Company expects a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) will be filed shortly with the U.S. Securities and Exchange Commission to delist the Company's American Depositary Shares.
Suntech Announces Update on Recovery Action Taken by the Liquidator of PSS
PR Newswire - Mon Feb 10, 5:00AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that on 15 January 2014, the Company's immediate subsidiary, Power Solar System Co., Ltd (in Liquidation) ("PSS" , issued a writ of summons in the Republic of Singapore against Suntech Power Investment Pte., Ltd. ("Suntech Singapore" for an outstanding balance of US$263,910,599 due from Suntech Singapore. Suntech Singapore failed to enter an appearance within the time frame required for them to do so. The High Court of the Republic of Singapore has granted, on 27 January 2014, Judgment in Default of Appearance against Suntech Singapore to pay to PSS US$263,910,599, interest at 5.33% and costs, under Order 13 of the Rules of Court in Singapore.
Suntech Appoints New Board Member
PR Newswire - Wed Feb 05, 5:49PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that it has added a fifth member to its Board of Directors, Mr. Michael Pearson. Mr. Pearson will join Messrs. Michael Nacson, Kurt Metzger, Dr. Zhengrong Shi and Deyong He on Suntech's Board.
Suntech Reaches Agreement with Petitioners and Supporting Noteholders in connection with the Chapter 7 Proceeding
PR Newswire - Fri Jan 31, 10:17PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that it has signed a Restructuring Support Agreement (the "RSA" relating to the petition for involuntary bankruptcy filed against it under chapter 7 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. Under the RSA signed by the petitioners for the chapter 7 proceeding, the Company, the joint provisional liquidators of the Company (the "JPLs" , and certain supporting holders of the Company's 3% Convertible Senior Notes (the "Notes" that include members of the Company's creditor working group, the chapter 7 proceedings in the U.S. have been stayed and a stipulation for the dismissal of the chapter 7 proceedings will be executed and filed following recognition of the provisional liquidation proceeding previously filed by the Company in the Cayman Islands under chapter 15 of the U.S. Bankruptcy Code.
Suntech Announces New Acting CFO and Board Member
PR Newswire - Mon Jan 27, 5:58AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that Mr. Deyong He has been appointed as the fourth member of Suntech's Board of Directors, as well as acting CFO. Mr. He joins Messrs. Michael Nacson, Kurt Metzger and Dr. Zhengrong Shi on Suntech's Board.
Suntech Receives Continued Listing Standards Notice from the New York Stock Exchange
PR Newswire - Thu Jan 16, 5:04AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that on January 14, 2014 it received notification from the New York Stock Exchange (the "NYSE" that the Company did not meet the NYSE's price criteria for continued listing standard because the average closing price of the Company's American Depositary Shares, or ADSs, (based on OTC: STPFQ), was less than $1.00 per ADS over a consecutive 30-trading-day period.
Zhou Weiping, Interim CEO, CFO Announces Resignation
PR Newswire - Thu Jan 09, 5:25AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that on January 7, 2014, Mr. Weiping Zhou resigned as a director of the Company, interim Chief Executive Officer, interim Chief Financial Officer, and President with immediate effect. Mr. Zhou cited personal reasons for his departure. Suntech plans to announce new management pending final review by Suntech's board of directors and Joint Provisional Liquidators (JPLs).
Global Distributed Energy Generation Technologies Market & Forecast Report, 2016
M2 - Wed Jan 08, 10:19AM CST
Research and Markets (http://www.researchandmarkets.com/research/5m766j/global) has announced the addition of the "Global Distributed Energy Generation Technologies Market & Forecast Report, 2016" report to their offering. One of the major drivers in this market is the increasing occurrence of power blackouts. The increase in power blackouts has affected plenty of people in various states such as Arizona, Baja California, and Sonora. As power blackouts can last for long time periods without being rectified, various power utilities and end-users have started adopting distributed energy generation techniques, an approach which is also expected to increase the reliability of the power grid. The growing demand for power and need to reduce the usage of fossil fuels, which currently generate 80 percent of global power, will lead to a crisis in the Power industry. It is not possible to meet the power demand with the existing power infrastructure. The long time taken for the construction of the fossil fuel power generation plants has led to dependency on distributed energy resources, which can be easily constructed within a short period of time. The main drawback of the centralized power plant is the huge loss of electricity that takes place during its transmission through cables, an issue that does not exist in distributed energy generation becauses the point of generation and consumption is the same. This advantage of distributed energy generation is leading to an increase in the adoption of distributed power generation and is enhancing the growth of the Global Distributed Energy Generation Technologies market. Further, the report states that one of the major challenges in this market is the high implementation cost. As microgrid users have to make a substantial investment to install distributed energy generation, various vendors and end-users are reluctant to adopt this technology. The high cost is due to the industry being in the growth phase and it is therefore still at the stage of being standardized. This reluctance to adopt will make it difficult for the market to grow at a fast pace during the forecast period. The key vendors dominating this market space are: - Ballard Power Systems Inc. - First Solar Inc. - FuelCell Energy Inc. - General Electric Energy LLC - Ingersoll-Rand plc - JA Solar Holdings Co. Ltd. - Sharp Corp. - Siemens AG - Suntech Power Holdings Co. Ltd. - UTC Power LLC - Yingli Green Energy Holding Co. Ltd. Key Topics Covered: 01. Executive Summary 02. Scope of the Report 03. Market Research Methodology 04. List of Abbreviations 05. Introduction 06. Market Landscape 06.1 Market Overview 06.2 Solar Cell Classification 06.3 Market Size and Forecast 06.4 Five Forces Analysis 07. Market Segmentation by Technology 07.1 Global Distributed Energy Generation Technologies Market by Technology 07.2 Global Renewable Distributed Energy Generation Technologies Market by 2012-2016 07.3 Global Fuel-based Distributed Energy Generation Technologies Market 2012-2016 08. Geographical Segmentation 09. Key Leading Countries 10. Buying Criteria 11. Market Growth Drivers 12. Drivers and their Impact 13. Market Challenges 14. Impact of Drivers and Challenges 15. Market Trends 16. Trends and their Impact 17. Vendor Landscape 18. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/5m766j/global
Suntech Subsidiary SPI Extends Definitive Moratorium
PR Newswire - Thu Dec 12, 7:30PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that Suntech Power International Ltd. ("SPI" , its principal operating subsidiary in Europe, has been granted an extension of its definitive moratorium on creditor claims from the judicial authorities in Schaffhausen, Switzerland until June 19, 2014.
Suntech Announces Update on Subsidiary Share Transfers and Restructuring Process
PR Newswire - Tue Dec 10, 7:30PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that on November 14, 2013, the Joint Provisional Liquidators ("JPLs" of the Company passed a sole shareholder's resolution placing Power Solar System Co., Ltd. ("PSS" , an immediate subsidiary of the Company, into liquidation pursuant to the Insolvency Act of the British Virgin Islands ("BVI" , the jurisdiction of its incorporation. Liquidators have since been appointed over PSS.
Suntech to Appeal NYSE Determinations
PR Newswire - Tue Nov 19, 7:19AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech" today announced that it intends to appeal the decision of NYSE Regulation, Inc. ("NYSE Regulation" to commence delisting proceedings of the Company's American Depositary Shares (ADRs). The Company received a letter from NYSE Regulation on November 6, 2013 stating that Suntech's ADRs would be suspended from trading due to uncertainties about the Company's ability to complete its Form 20-F for the fiscal year ended December 31, 2012 within the time frames required by the NYSE in light of uncertainty around the Company's and its significant subsidiary's ongoing restructuring and the fact that the Company is also in the process of restating its previously issued December 31, 2010 and 2011 financial statements.
Equity Interests in Wuxi Suntech and its Subsidiary Purported to be Transferred to Third Party
PR Newswire - Thu Apr 10, 8:54AM CDT
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech Power"
today announced that it is aware of the Hong Kong Stock Exchange announcement made by Shunfeng Photovoltaic International Ltd. ("Shunfeng" that the conditions precedent to the purported acquisition of 100% of the equity interests of Wuxi Suntech pursuant to the terms and conditions under the restructuring plan of Wuxi Suntech as approved by the Wuxi Intermediate People's Court have been fulfilled, and as a result all of the equity interests of Wuxi Suntech shall be transferred to an affiliate of Shunfeng. Suntech Singapore Fails to Pay the Judgment Debt Due to PSS and has Its Equity Interest in a Core Subsidiary Frozen by the PRC Court
PR Newswire - Tue Mar 18, 1:23AM CDT
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that, following the January 27, 2014 judgment from the High Court of the Republic of Singapore ordering Suntech Power Investment Pte., Ltd. ("Suntech Singapore" to pay to Suntech's subsidiary, Power Solar System Co., Ltd. (in liquidation) ("PSS" , approximately US$263.9 million (the "Judgment Debt" , on February 20, 2014, the Liquidator of PSS issued a statutory demand against Suntech Singapore for the Judgment Debt. Suntech Singapore was required to repay the Judgment Debt by March 13, 2014, but it has failed to do so. Suntech Singapore is now deemed to be unable to pay its debts under the Singapore Companies Act. However, on March 12, 2014, Suntech Singapore filed an application to set aside the Judgment Debt. PSS is considering the application and will make further announcements as may be warranted. Asia-Pacific Solar Photovoltaic Module Market to Witness Modest Growth by 2015 says new Research Report
M2 - Wed Mar 05, 4:07AM CST
Research and Markets (http://www.researchandmarkets.com/research/zg5kv5/asiapacific) has announced the addition of the "Asia-Pacific Solar Photovoltaic Market Outlook to 2030 - Installed Capacity, Market Size, Risk Analysis, Market Saturation and Company Profiles" report to their offering. The Asia-Pacific (APAC) solar photovoltaic (PV) module market value is forecast to show modest growth by the end of next year, jumping from $6.7 billion in 2012 to $8.6 billion by 2015, at a Compound Annual Growth Rate (CAGR) of 7.9% The APAC region's solar PV installed capacity is also expected to increase over the coming years, from 19.6 Gigawatts (GW) in 2012 to 420.6 GW by 2030, at a CAGR of 18.6%. In 2013, China and Japan led the region with a combined total of 77% of its solar PV installed capacity. Prasad Tanikella, Senior Report Analyst covering Alternative Energy, says: Governments in the region are promoting solar PV through various long-terms policies, financial incentives, subsidies and tax benefits. The strong commitment from APAC's countries towards the development of solar energy has led to many research and development initiatives and increased solar power plant installations, which will drive future market growth. APAC is also the world leader for solar energy systems manufacturing, with Japan, China and Taiwan being three of the largest solar PV cell producers. Tanikella continues: With favorable conditions contributing to a thriving manufacturing industry, China continued to be the world's largest manufacturer of solar modules for the sixth consecutive year in 2013. Domestically available polysilicon, a favorable regulatory environment and an easily available and inexpensive labor force have allowed companies, such as Yingli Green Energy, Canadian Solar Inc., Trina Solar, LDK Solar and Suntech Power Holdings Co., to lead solar module production with annual capacities of over 1,000 megawatts each, the analyst concludes. This report provides in-depth analysis on the solar photovoltaic module market in the Asia-Pacific region as a whole and its key countries: China, Japan and South Korea. It provides historical data from 2010 and forecast data up to 2030 on installed capacity and power generation. Key Topics Covered: List of Tables List of Figures Introduction Solar Photovoltaic Market Outlook, Global Solar Photovoltaic Market Outlook, Asia-Pacific, 2010-2030 Solar Photovoltaic Market Outlook, China, 2010-2030 Solar Photovoltaic Market Outlook, Japan, 2010-2030 Solar Photovoltaic Market Outlook, South Korea, 2010-2030 Competitiveness of Solar Photovoltaic against Other Power Sources Solar Photovoltaic - Risk Analysis Solar Photovoltaic Market Saturation Solar Photovoltaic Market Outlook, Company Profiles Appendix Companies Mentioned Hanergy Holding Group Ltd, Yingli Green Energy Holding Company Limited Solar Frontier KK, TSMC Solar Ltd, Hanwha Q Cells GmbH, Avancis GmbH & Co. KG, Ascent Solar Technologies Inc., First Solar Inc., Sharp Corporation, For more information visit http://www.researchandmarkets.com/research/zg...siapacific About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Suntech Commences Proceeding in the United States in Support of Restructuring Process
PR Newswire - Sat Feb 22, 9:40AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that the joint provisional liquidators (the "JPLs" of the Company appointed by the Grand Court of the Cayman Islands to oversee the restructuring of the Company have commenced a Chapter 15 proceeding under the U.S. Bankruptcy Code in a federal court in the Southern District of New York. Under such a proceeding, the Company is seeking to have recognized in the United States the Company's overseas provisional liquidation which has previously been granted in the Cayman Islands. Suntech CTO Receives Engineering Award for New Technique to Reduce Cost of Solar
PR Newswire - Tue Feb 18, 2:55AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today welcomed the January 20th announcement that Suntech's Chief Technology Officer (CTO), Professor Stuart Wenham, was awarded the prestigious Institution of Engineering and Technology's (IET) A F Harvey Engineering Research Prize of 300,000 pounds for Professor Wenham and his team's discovery of a new technique which can improve the efficiency of lower-grade silicon used in the production of solar panels. Suntech Provides Update with Respect to NYSE Appeal
PR Newswire - Thu Feb 13, 11:00PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that the NYSE's Committee for Review has upheld a decision previously made by NYSE Regulation, Inc. to commence delisting proceedings of the Company's American Depositary Shares. The Company expects a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) will be filed shortly with the U.S. Securities and Exchange Commission to delist the Company's American Depositary Shares. Suntech Announces Update on Recovery Action Taken by the Liquidator of PSS
PR Newswire - Mon Feb 10, 5:00AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that on 15 January 2014, the Company's immediate subsidiary, Power Solar System Co., Ltd (in Liquidation) ("PSS" , issued a writ of summons in the Republic of Singapore against Suntech Power Investment Pte., Ltd. ("Suntech Singapore" for an outstanding balance of US$263,910,599 due from Suntech Singapore. Suntech Singapore failed to enter an appearance within the time frame required for them to do so. The High Court of the Republic of Singapore has granted, on 27 January 2014, Judgment in Default of Appearance against Suntech Singapore to pay to PSS US$263,910,599, interest at 5.33% and costs, under Order 13 of the Rules of Court in Singapore. Suntech Appoints New Board Member
PR Newswire - Wed Feb 05, 5:49PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that it has added a fifth member to its Board of Directors, Mr. Michael Pearson. Mr. Pearson will join Messrs. Michael Nacson, Kurt Metzger, Dr. Zhengrong Shi and Deyong He on Suntech's Board. Suntech Reaches Agreement with Petitioners and Supporting Noteholders in connection with the Chapter 7 Proceeding
PR Newswire - Fri Jan 31, 10:17PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that it has signed a Restructuring Support Agreement (the "RSA" relating to the petition for involuntary bankruptcy filed against it under chapter 7 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. Under the RSA signed by the petitioners for the chapter 7 proceeding, the Company, the joint provisional liquidators of the Company (the "JPLs" , and certain supporting holders of the Company's 3% Convertible Senior Notes (the "Notes" that include members of the Company's creditor working group, the chapter 7 proceedings in the U.S. have been stayed and a stipulation for the dismissal of the chapter 7 proceedings will be executed and filed following recognition of the provisional liquidation proceeding previously filed by the Company in the Cayman Islands under chapter 15 of the U.S. Bankruptcy Code. Suntech Announces New Acting CFO and Board Member
PR Newswire - Mon Jan 27, 5:58AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that Mr. Deyong He has been appointed as the fourth member of Suntech's Board of Directors, as well as acting CFO. Mr. He joins Messrs. Michael Nacson, Kurt Metzger and Dr. Zhengrong Shi on Suntech's Board. Suntech Receives Continued Listing Standards Notice from the New York Stock Exchange
PR Newswire - Thu Jan 16, 5:04AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that on January 14, 2014 it received notification from the New York Stock Exchange (the "NYSE" that the Company did not meet the NYSE's price criteria for continued listing standard because the average closing price of the Company's American Depositary Shares, or ADSs, (based on OTC: STPFQ), was less than $1.00 per ADS over a consecutive 30-trading-day period. Zhou Weiping, Interim CEO, CFO Announces Resignation
PR Newswire - Thu Jan 09, 5:25AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that on January 7, 2014, Mr. Weiping Zhou resigned as a director of the Company, interim Chief Executive Officer, interim Chief Financial Officer, and President with immediate effect. Mr. Zhou cited personal reasons for his departure. Suntech plans to announce new management pending final review by Suntech's board of directors and Joint Provisional Liquidators (JPLs). Global Distributed Energy Generation Technologies Market & Forecast Report, 2016
M2 - Wed Jan 08, 10:19AM CST
Research and Markets (http://www.researchandmarkets.com/research/5m766j/global) has announced the addition of the "Global Distributed Energy Generation Technologies Market & Forecast Report, 2016" report to their offering. One of the major drivers in this market is the increasing occurrence of power blackouts. The increase in power blackouts has affected plenty of people in various states such as Arizona, Baja California, and Sonora. As power blackouts can last for long time periods without being rectified, various power utilities and end-users have started adopting distributed energy generation techniques, an approach which is also expected to increase the reliability of the power grid. The growing demand for power and need to reduce the usage of fossil fuels, which currently generate 80 percent of global power, will lead to a crisis in the Power industry. It is not possible to meet the power demand with the existing power infrastructure. The long time taken for the construction of the fossil fuel power generation plants has led to dependency on distributed energy resources, which can be easily constructed within a short period of time. The main drawback of the centralized power plant is the huge loss of electricity that takes place during its transmission through cables, an issue that does not exist in distributed energy generation becauses the point of generation and consumption is the same. This advantage of distributed energy generation is leading to an increase in the adoption of distributed power generation and is enhancing the growth of the Global Distributed Energy Generation Technologies market. Further, the report states that one of the major challenges in this market is the high implementation cost. As microgrid users have to make a substantial investment to install distributed energy generation, various vendors and end-users are reluctant to adopt this technology. The high cost is due to the industry being in the growth phase and it is therefore still at the stage of being standardized. This reluctance to adopt will make it difficult for the market to grow at a fast pace during the forecast period. The key vendors dominating this market space are: - Ballard Power Systems Inc. - First Solar Inc. - FuelCell Energy Inc. - General Electric Energy LLC - Ingersoll-Rand plc - JA Solar Holdings Co. Ltd. - Sharp Corp. - Siemens AG - Suntech Power Holdings Co. Ltd. - UTC Power LLC - Yingli Green Energy Holding Co. Ltd. Key Topics Covered: 01. Executive Summary 02. Scope of the Report 03. Market Research Methodology 04. List of Abbreviations 05. Introduction 06. Market Landscape 06.1 Market Overview 06.2 Solar Cell Classification 06.3 Market Size and Forecast 06.4 Five Forces Analysis 07. Market Segmentation by Technology 07.1 Global Distributed Energy Generation Technologies Market by Technology 07.2 Global Renewable Distributed Energy Generation Technologies Market by 2012-2016 07.3 Global Fuel-based Distributed Energy Generation Technologies Market 2012-2016 08. Geographical Segmentation 09. Key Leading Countries 10. Buying Criteria 11. Market Growth Drivers 12. Drivers and their Impact 13. Market Challenges 14. Impact of Drivers and Challenges 15. Market Trends 16. Trends and their Impact 17. Vendor Landscape 18. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/5m766j/global
Suntech Subsidiary SPI Extends Definitive Moratorium
PR Newswire - Thu Dec 12, 7:30PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that Suntech Power International Ltd. ("SPI" , its principal operating subsidiary in Europe, has been granted an extension of its definitive moratorium on creditor claims from the judicial authorities in Schaffhausen, Switzerland until June 19, 2014. Suntech Announces Update on Subsidiary Share Transfers and Restructuring Process
PR Newswire - Tue Dec 10, 7:30PM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that on November 14, 2013, the Joint Provisional Liquidators ("JPLs" of the Company passed a sole shareholder's resolution placing Power Solar System Co., Ltd. ("PSS" , an immediate subsidiary of the Company, into liquidation pursuant to the Insolvency Act of the British Virgin Islands ("BVI" , the jurisdiction of its incorporation. Liquidators have since been appointed over PSS. Suntech to Appeal NYSE Determinations
PR Newswire - Tue Nov 19, 7:19AM CST
Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech"
today announced that it intends to appeal the decision of NYSE Regulation, Inc. ("NYSE Regulation" to commence delisting proceedings of the Company's American Depositary Shares (ADRs). The Company received a letter from NYSE Regulation on November 6, 2013 stating that Suntech's ADRs would be suspended from trading due to uncertainties about the Company's ability to complete its Form 20-F for the fiscal year ended December 31, 2012 within the time frames required by the NYSE in light of uncertainty around the Company's and its significant subsidiary's ongoing restructuring and the fact that the Company is also in the process of restating its previously issued December 31, 2010 and 2011 financial statements. 
