Wednesday, March 13, 2013

"China Seeking Solar Consolidation Damps Hope for Suntech" ($STP)

The latest:

"China won’t rescue Suntech Power Holdings Co. from its creditors because the former biggest solar-panel maker needs to retrench along with the rest of the industry, two advisers to government agencies said. Officials in Beijing want to pare excess manufacturing capacity and consolidate [...] 'The government won’t intervene and shouldn’t,' Li said in an interview. Meng Xiangan, vice chairman of the China Renewable Energy Society, a liaison between the industry and the state, said Suntech should 'not rely on government assistance.'"

1 comment:

CP said...