Green Energy News
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Solar manufacturers led gains among Chinese companies traded in New York after Premier Li Keqiang pledged measures to boost demand and provide financing support.
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Yingli Energy (China) Co., a unit of the world’s largest solar-panel maker, said it will stop paying a dividend and slow investments to clear debt after facing anti- dumping duties in Europe.
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Yingli Green Energy Holding Co., the world’s largest solar-panel manufacturer, signed a $100 million supply and power plant agreement with DuPont Co.
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The European Union imposed tariffs as high as 67.9 percent on solar panels from China in the largest EU commercial dispute of its kind, seeking to help revive a withering industry in Europe.
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Tariffs imposed by the European Union on Chinese solar panels are lower than expected and may drive up imports for the next two months while officials pursue a trade agreement, renewable-energy developers said.
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China’s crackdown on fake export invoices used to disguise money flows is probably cutting the nation’s trade figures, revealing subdued global demand that will weigh on economic growth.
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Solar companies led a rally in Chinese stocks traded in New York after Deutsche Bank AG said the outlook of demand for the renewable energy is improving.
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CVC Capital Partners Ltd. plans to sell a stake in drugstore chain Matas in Denmark’s first initial public offering through a private equity firm since 2010.
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Google Inc., which has invested more than $1 billion in renewable-energy projects, is considering spending more on clean power in Africa after backing its first solar project on the continent.
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Trina Solar Ltd., China’s third- largest panel manufacturer, fell the most in a week as declining prices led to a first-quarter loss that exceeded expectations.
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