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Environment & Energy

Yo_Mama

(8,303 posts)

3. No, it has too many friends in the business!

Reply to RobertEarl (Reply #1)

Sun May 5, 2013, 03:40 PM

May 2013

The problem in solar right now is overcapacity. Suntech is not the only one losing money - it's just the one that owed a lot of money to foreign investors which could be scragged.

These companies are not covering their cost of production right now at current market prices, so they are all losing money. The reason current market prices are so low is that capacity to produce way outstrips demand, even at these prices.

http://www.reuters.com/article/2013/03/26/suntech-glut-idUSL3N0CG03820130326

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Highlight:

Chinese solar panel maker Suntech flames out [View all] XemaSab May 2013 OP

Suntech has many enemies RobertEarl May 2013 #1

Bingo! patricia92243 May 2013 #2

No, it has too many friends in the business! Yo_Mama May 2013 #3

Right RobertEarl May 2013 #4

"Friends" was a reference to other solar panel companies NickB79 May 2013 #5

Indeed RobertEarl May 2013 #6

Well, the problem is the huge growth in capacity in a very short time Yo_Mama May 2013 #7

That's great news RobertEarl May 2013 #8