China is losing a lot of money on solar — even more than Obama lost betting on the intermittent unreliable form of energy!
China’s top ten photovoltaic makers have accumulated a combined debt of 17.5 billion U.S. dollars so far, leading the whole industry to the brink of bankruptcy, data from U.S. investment agency Maxim Group showed.
Goodness. That’s 35 Solyndras!
LDK Solar, the world’s second-largest maker of solar wafers, and Suntech Power, the world’s largest solar panels producer… Read more