It was widely expected that China would strike back. And the Asian dragon did as it launched anti-dumping probe on EU wine which is simply a counterattack as the world’s second economy cannot resign itself to the European Union’s step to impose tariffs on Chinese solar panels.
Brightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies, the company withdrew its plans to become listed and offer shares on the NASDAQ last month. Brightsource Energy, based in Oakland, California, is considered the United States leader in the development and application of solar energy for large-scale power plants.