Yingli shrugs off new antitrust lawsuit

Share

Chinese module giant Yingli has shrugged off a second U.S. lawsuit which claims it broke antitrust laws.

With Yingli the co-respondent, alongside Suntech and Trina Solar in an ongoing US$1.5 billion lawsuit from failed U.S. thin film company Solyndra, representatives of the liquidation trust administering to the affairs of the Energy Conversion Devices company have filed an antitrust and unfair trade practices lawsuit against the same three companies in the U.S. District Court for the Eastern district of Michigan.

Responding to the lawsuit, Robert Petrina, managing director of Yingli Green Energy Americas, said: "We are still reviewing the filing, but at first glance these are baseless claims that seem similar to the Solyndra antitrust case.

"In both instances, the companies are bankrupt and appear to be blaming others for their own failed thin-film technology and flawed business models.

"We will continue to aggressively defend ourselves and expect that Yingli will prevail in both cases."

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.