Suntech Debt Default Suntech (STP) which is one of the worst managed solar companies in the industry has been going through tumultuous times after it got entangled in a multi-million dollar fraud and firing its chairman and founder Zhengrong shi. The company now has defaulted on $541 million convertible debt, which came up for redemption […]
Polysilicon Prices The prices of polysilicon have gone up a bit in the last few months as poly producers have sharply reduced utilization to 50% or lower. With prices at $15/kg and costs of $30/kg, many of the smaller poly producers have just shut shop and left the industry. However the bigger players which account […]
2013 a Better Year for Solar Solar demand in 2012 slowed down to just 5% after a 40-50% CAGR over the last decade. The slowdown was inevitable as solar demand was a massive 30 GW in 2012 compared to just 8 GW in 2008. Europe which was the principal driver of growth has slowed down […]
Suntech, China The world’s largest solar panel company in 2011 now faces possible closure as it does not have money to pay the convertible bond due in March 2013. Suntech has been one of the worst managed solar companies despite its initial advantage and size. The company has made numerous mistakes over the years. The […]
Bond Default by Chaori Solar, China We have heard of numerous Chinese Government bailouts, in case of defaults by the Chinese Solar companies. However, there is news of the first ever country’s bond default by another Chinese Solar company, Chaori Solar. The Chinese Government has intervened once again asking Chaori Solar’s bank for deferment of […]