China's Suntech Power Holdings, once the world's largest solar manufacturer, is being pushed into bankruptcy as a global oversupply of solar panels has driven down prices and led to big losses. The company, which defaulted on $541 million of bonds on March 16, isn't contesting a filing by eight banks to force its largest operating unit into insolvency anc restructuring. Backed by government loans, Suntech more than quadrupled its panel-production capacity to 2,400 megawatts a year from 2007 to 2011.
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机译：曾经是全球最大的太阳能制造商的中国无锡尚德电力控股有限公司（Suntech Power Holdings）正因全球太阳能电池板供过于求而压低了价格，并导致了巨额亏损。该公司于3月16日拖欠了5.41亿美元的债券，该公司没有与八家银行提交的文件有关，以迫使其最大的运营部门进行破产法重组。在政府贷款的支持下，尚德从2007年到2011年将其面板生产能力提高了三倍以上，达到每年2400兆瓦。
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