12 Aug '17, 1pm

The Section 201 Trade Case, Part III: Will Any Americans Benefit? - #RenewableEnergy World

This article is the third in a three-part series on the Suniva/SolarWorld trade case. I’m fairly certain that there is some American ownership of SQN Ventures and Red Lion Capital, and they would likely benefit from a decision in favor of Suniva. One person who stands to benefit is Jim Modak. Modak was Suniva’s Chief Financial Officer for eight years, serving until 2016. He then joined SQN Capital Management where he serves as its CFO. Given his previous position at Suniva, he probably negotiated the original $50 million loan by SQN. Now he’s try to recover that money for his new employer. I’d be shocked if he isn’t the prime mover behind the 201 filing. Other than Modak, few people in the U.S. solar industry will benefit from Suniva/SolarWorld prevailing in this case. Neither company has global scale manufacturing facilities, and I don’t think it will be easy to attract n...

Full article: http://www.renewableenergyworld.com/articles/2017/08/the-...

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