SolarCity: Solar giant Suntech announces default, search for financing

BEIJING (AP) — Suntech, one of the world’s biggest solar panel manufacturers, said Monday it has defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry. Suntech Power Holdings Ltd.’s announcement was a severe setback for a company lauded by China’s Communist government as

via Solar giant Suntech announces default, search for financing

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