Suntech, once the PV solar industry leader, bankrupted finally. Very bad news to investors, especially small investors have less or no hedge. Good news to the industry? Not necessarily. LDK, JASO, YGE, and TSL are facing the same issues as well. If the industry could not stop burning cash effectively, bankruptcy would be the only destination.
Government policy can create the boom of industry when economy is healthy, and kill it when difficult. As no light can be seen at the end of the EU crisis tunnel, we can expect further and deeper subsidy-cut. Then, the biggest PV solar market will diminish. Accordingly, once prosperous PV solar makers will collapse one after the other. STP is just the beginning.
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