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Day of reckoning comes for Chinas solar industry

2013-03-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Quartz: Is Suntech too big a Chinese brand to fail? On March 15, the cash-strapped solar company--until recently the worlds biggest photovoltaic panel maker--faces a $541 million payment on convertible notes, a quarter of the $2 billion in debt it has incurred. Whether Suntech can strike a deal with its bondholders or secure a government bailout will set the stage for the collapse or consolidation of the Chinese solar industry. Other photovoltaic giants, including Trina Solar and JA Solar, also face...

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