Suntech Power Holdings STP announced on September 24 that it - TopicsExpress

Suntech Power Holdings STP announced on September 24 that it received a ruling notification from the court of Brindisi, Italy to decide to close down 37 solar power plants with a total installed capacity of 30MW invested and built by Global Solar Fund (GSF), accounting for about 21% of installed capacity of total solar power plants owned by GSF. The court also ordered the freezing of tariff subsidies and investment incomes obtained by these plants. GSF, an investment fund, is established with a purpose to invest in private companies owning aor developing solar power, in which Suntech has an about 88% stake. :MENAFN

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