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Russian court to consider claim of Chinese solar panel maker to Rosnano

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Russian court to consider claim of Chinese solar panel maker to Rosnano

The Moscow arbitration court scheduled a hearing over the claim filed by Chinese manufacturer of solar panels, Energy Changzhou Trina Solar, against Russian state corporation Rosnano and Cyprus Solaricos Trading Ltd for the recovery of $17,32 million, for October 17.

“To schedule a trial, with the consideration of the time required for notifying the foreign legal entities in accordance with international law, for 17 October 2017”, - the document released by the court states.

Chinese company demands to return an advance payment for unexecuted contract of supply of polysilicon produced by Nitol, a company controlled by Rosnano.

We should remind you that Rosnano is a government-owned Russian company set up by the government for the purpose to commercialize developments in nanotechnology.

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