Friday, March 8, 2013

Day of reckoning comes for China’s solar industry

Quartz: Is Suntech too big a Chinese brand to fail? On March 15, the cash-strapped solar company--until recently the world's biggest photovoltaic panel maker--faces a $541 million payment on convertible notes, a quarter of the $2 billion in debt it has incurred. Whether Suntech can strike a deal with its bondholders or secure a government bailout will set the stage for the collapse or consolidation of the Chinese solar industry. Other photovoltaic giants, including Trina Solar and JA Solar, also face...

URL: http://qz.com/59666/suntech-china-solar-industry-collapse/
Enclosure: http://qzprod.files.wordpress.com/2013/03/suntech-factory.jpeg?w=880

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