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Monday, March 18, 2013

Suntech announces default, search for financing

BEIJING (AP) — 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 global solar industry.

Read more: [SF GATE]

1 comment:

Anonymous said...

I wish I understood these financial issues better. A plunge in solar panel prices that lead to financial problems with these companies on the short term, should be a good thing in the long term for the solar industry and us, right?