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Solar panel maker Suntech declares bankruptcy

Thread starter cwerdna
Start date Mar 20, 2013

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cwerdna

Well-known member

Mar 20, 2013

I remember hearing about Suntech being in trouble about a day or two ago but I guess the bankruptcy came today.

http://www.usatoday.com/story/money/business/2013/03/20/suntech-bankruptcy/2002429/" onclick="window.open(this.href);return false;

BEIJING (AP) — Suntech, one of the world's biggest solar panel manufacturers, was forced into bankruptcy court Wednesday, the latest casualty of a painful slump in the global solar industry.

Suntech Power Holdings said eight Chinese banks asked a court to declare it insolvent after the company missed a $541 million payment to bondholders last week. Suntech said it would not oppose the petition...

http://www.bloomberg.com/news/2013-03-20/biggest-solar-collapse-in-china-imperils-1-28-billion-energy.html?cmpid=yhoo" onclick="window.open(this.href);return false;