Bankruptcy of Chinese Solar Giant Highlights Problems With Overcapacity

摘要

The declaration of bankruptcy by Chinese solar manufacturing giant Suntech on March 20 after it had announced a default on $541 million in bonds the previous week raises questions about overcapacity in the solar industry here and whether other solar companies laden with debt could soon follow suit. While the industry is likely to suffer more restructuring pain, analysts say the changes could help reduce overcapacity and reorient a solar market that has become too dependent on domestic and foreign incentives.