Featured in Suntech's darkest hour – 05-2013

The rise and fall of the Suntech empire

Industry consolidation: When Suntech – briefly the world’s largest supplier of PV modules and China’s biggest solar success story – defaulted on $541 million of convertible U.S. bonds in March, solar players across the world were watching. The very public, and in many quarters long expected, failure of the former poster boy of solar, Zhengrong Shi, has left the photovoltaics industry asking what Suntech’s Wuxi insolvency means for solar.
By
pv magazine

Suntech Power Holdings Co. Ltd.’s giddy descent from a world leader to the debt-riddled solar module manufacturer which became the first U.S.-registered Chinese corporation to sink into insolvency, has raised numerous questions for every sector of the solar photovoltaics industry. With every quarter of the last two years bringing news of plunging polysilicon prices, global …

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