As the market cuts out the least efficient firms, as with Suntech, a healthier and more mature solar industry will emerge.
An industry-wide consolidation will cut out the least efficient firms, like Suntech, leaving a healthier and more mature solar industry that will continue to grow.
Fearful that company bankruptcies and pullouts spell doom for solar? EarthTechling’s Pete Danko says not to worry – solar is doing great.
Two and a half years after it opened, Suntech’s Arizona solar module factory is kaput; the term they use is “rationalizing production capacity.”
The remnant of failed solar manufacturer Solyndra seeks $1.5 billion in damages, alleging Chinese solar companies conspired illegally to put it out of business.
Struggling Suntech, the world’s largest solar panel maker, gets financial assistance from the local government where it is headquartered in China.
Digger deeper, the U.S. Commerce Department finds Chinese solar companies benefited from cheap electricity and other illegal subsidies.