See on Scoop.it – E-mobility and renewable energy
BEIJING, China – Suntech, one of the world’s biggest solar panel manufacturers, said Monday it has defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling …
When gluts abound, this is what happens. The reality of the solar panel market is what doomed ICP Solar (the company I founded in 1988) and now the same thing is happening to Chinese giants.
See on ca.finance.yahoo.com
