Trina Solar Ltd (NYSE: TSL), a Chinese solar power producer, said Tuesday it would invest $800 million in the next 3 years expanding its capacity in Changzhou, Jiangsu province, where it is headquartered. The company said in November that it would deliver 1GW of products in 2010, up 151% from a year ago.
Suntech Power Holdings Co (NYSE: STP) has overtaken First Solar Inc (NASDAQ: FSLR) to become the world's largest photovoltaic module producer, according to IMS Research. Suntech had previously expected to deliver 1.5GW of products this year and First Solar expected 1.3GW.
PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857) has agreed to sell its 60% stake in PetroChina Beijing Natural Gas Pipeline Co for $2.9 billion to Kunlun Energy Co, which is also a subsidiary of PetroChina.
Baidu.com Inc (NASDAQ: BIDU) is about to start selling e-books, said an insider. Wenku.baidu.com, its database, offers free access to part of an e-book and the fee-charging part is 90% cheaper than hard copies.
LDK Solar Co (NYSE: LDK), a leading manufacturer of polycrystalline solar wafers and PV products, said Tuesday it has reached the milestone of 3GW annualized capacity at its wafer plants.
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