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Suntech: Government Bailout Likely
The fate of the biggest subsidiary of Suntech Power, for several years the world’s number one manufacturer of PV panels, hangs in the balance as Chinese government officials determine whether to bail the company out. It’s rare for Chinese companies to fail, since the government usually rescues them to avoid damaging the reputation of Chinese [...]
American Solar Energy Society comments on Abound Solar bankruptcy
For immediate release BOULDER, Colo., July 2, 2012 — “We’re saddened that Abound Solar was undercapitalized to compete in a fast-maturing market,” said Susan Greene, president of the American Solar Energy Society (ASES). “Every industry goes through a similar period of consolidation as it achieves economies of scale. We applaud Abound for the way it [...]
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