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Suntech brands new allegations by US energy rival "baseless"

By Ariel Tung in New York | China Daily | Updated: 2012-10-23 08:04

Suntech brands new allegations by US energy rival

Solyndra's lawsuit against some Chinese solar panel makers over the firm's bankruptcy has raised some questions, with at least one industry analyst calling its intent "political".

Solyndra, a California-based renewable energy firm that received a $535 million government loan, is seeking $1.5 billion in damages from Suntech Power Holdings, Trina Solar and Yingli Green Energy Holding. The firm alleged that the Chinese companies engaged in "attempted monopolization, conspiracy, predatory pricing" and other tactics in an aim to destroy Solyndra, according to the complaint filed in federal court.

This came after the US Commerce Department affirmed anti-dumping duties against Chinese solar firms on Oct 10, ruling that their production was made artificially cheap because of unfair subsidies from the Chinese government.

Suntech brands new allegations by US energy rival

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