Debt-Laden Chinese Solar Firms Need Infusion of Funds
Aug 16, 2012 – See The New York Times for the full article:
As solar panel prices continue to tumble, Chinese solar companies are struggling with heavy debt loads, fueling expectations that many will be forced to seek new infusions of funds through takeovers or mergers.
Suntech Power Holdings could be liable for hundreds of millions in new payments after it disclosed a potential fraud by a partner, while peers like LDK Solar, JA Solar Holdings, Trina Solar and Yingli Green Energy Holding are also feeling pressure.
With prices for solar panels barely covering the cost to build them, dozens of small Chinese solar companies are believed to have shut their doors, and equity investors have fled the sector, sending share prices of the U.S.-listed Chinese companies down more than 85 percent since early 2011.
2012-08-16 07:03:30
Source: http://www.greenenergyforearth.com/2012/08/16/debt-laden-chinese-solar-firms-need-infusion-of-funds/
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