Chinese solar panel maker Suntech flames out

[Yo_Mama]

7. Well, the problem is the huge growth in capacity in a very short time

China built up hugely, but so did Taiwan and the Indians are trying to get in with a tariff-protected scheme.

First the Chinese drove the Germans out of the business. Then they drove most of the US cos out of the business. Now they are driving themselves BK. They are still operating their plants.

Right now, the Taiwanese companies may be winning the race, because the Chinese companies have been borrowing money to cover every solar panel they sell for too long.

You cannot blame the conventional energy cos for this, and indeed many of them are trying to develop solar now.