A Chinese solar giant goes bankrupt, and why that’s a good thing
GigaOm excerpt
Suntech may be the largest to date, but it won’t be the last solar maker to crash.
“hundreds of solar companies need to fail
to help bring the supply of solar panels back in line with demand.”
The weeding out process will help slow the fall in solar panel prices
and allow demand to rise back up again.
Down the road the re-balancing will enable these companies
to continue to invest in more efficient cells and new innovations,
which will bring down the cost of solar
through technology even more.
Another 180 solar panel makers
could reportedly disappear
by 2015 due to consolidation.