China Solar Defaults Shock Holders as $8.4 Billion Due

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feature-0-1378201182317.jpg LDK Solar’s delay in paying debt and Suntech Power Holdings’ attempts to renegotiate obligations are prompting investors to gird for losses as US $8.4 billion in renewable energy comes due by the end of next year.

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  • Cariboocoot
    Cariboocoot Banned Posts: 17,615 ✭✭✭
    #2
    Re: China Solar Defaults Shock Holders as $8.4 Billion Due

    What a game!
    Start up a bunch of panel makers in your country.
    Sell panels for less than cost forcing makers in other countries to go broke.
    Having eliminated the 'outside' competition drop the superfluous makers at home.
    Create a shortage of panels causing the prices to rise on the now-cornered market.
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  • ggunn
    ggunn Solar Expert Posts: 1,973 ✭✭✭
    #3
    Re: China Solar Defaults Shock Holders as $8.4 Billion Due
    Cariboocoot wrote: »
    What a game!
    Start up a bunch of panel makers in your country.
    Sell panels for less than cost forcing makers in other countries to go broke.
    Having eliminated the 'outside' competition drop the superfluous makers at home.
    Create a shortage of panels causing the prices to rise on the now-cornered market.
    If the US had played the game by the same rules as they did, they wouldn't be able to do that to us. Sometimes you have to fight fire with fire.
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