SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.
TerraForm Sued Parent Company SunEdison for Diverting $231 Million Projects Money to Its Own Balance Sheet
SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.
Trina Solar reported increase in sales as high demand for products developed in China and Japan.
China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.