Why the Bankruptcy of Suntech Matters

Views - MIT Technology Review 2013-03-28


The Chinese government is allowing major solar companies to fail, and that’s a good thing.

The Chinese government helped finance a massive expansion of the solar industry, helping to create a glut of solar panels—and leading to rapidly reducing prices for solar. But now it has let the main subsidiary of its most prominent solar panel manufacturer, Suntech Power, go bankrupt.



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Date tagged:

03/28/2013, 15:36

Date published:

03/21/2013, 16:00