(EnergyAsia, September 15, Tuesday) — China Sunergy said it has initiated legal action with respect to bank guarantees related to its June 2008 supply agreement with REC, under which the Norwegian company would start delivery from Jan 1, 2009. REC had announced that it had decided to terminate a long-term take-or-pay contract with China Sunergy…
CHINA: Sunergy take legal action against Norway’s REC over supply deal
Posted on September 14, 2009 by EnergyAsia