Chinese solar bankruptcies coming in 2013, predicts IHS

A number of integrated PV manufacturers in China will “fold up shop” in 2013, with the expected stabilisation of module prices likely not enough to rescue their battered balance sheets, predicts market researcher IHS.

IHS's call that “many” such integrated players will simply disappear next year may come as a surprise to industry observers who continue to operate under the assumption that Beijing and local Chinese governments will not countenance the bankruptcy of large PV companies, even as bit players disappear by the dozens.

A number of high-profile integrated Chinese PV companies – chief among them LDK Solar, which has $3.1bn in debt – are seen as having few quick routes back to profitability.

LDK, like others, ballooned its production capacity and diversified production during the last…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login