22 Mar '13, 11pm

The Suntech Bankruptcy: Bad or Good News?: Of course it's both, and it all depends on who you are

The Suntech Bankruptcy: Bad or Good News?: Of course it's both, and it all depends on who you are

Predictably, the Suntech collapse has undammed a flood of instant commentary, some of it somewhat self-contradictory. There are those who argue that the Suntech bankruptcy and others soon to follow will relieve a glut in the global photovoltaics market, leading to supply being more in line with demand and prices stabilizing at a somewhat higher level, giving a badly needed incentive to innovators. And then there are those—sometimes the same those—who say the shakeout will be brutal indeed, with no end in sight. Whatever the situation, though it may now be a necessary one, it is hardly the best of all possible worlds. Taking a relatively optimistic line, the Financial Times 's prestigious "Lex" team asserts that "the end of the [solar] misery is almost in sight . Crippled balance sheets have brought growth in capacity to a halt. And demand is recovering. China’s Golden Sun ...

Full article: http://spectrum.ieee.org/energywise/green-tech/solar/the-...

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The inevitable has finally happened at tanking former solar star Suntech (NYSE: STP), which has been forced into bankruptc...

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