06 Dec '12, 3pm

China Solar: LDK Cuts, New First Solar Projects

There're quite a few news bits coming from the solar sector today, with more downbeat news from struggling LDK Solar (NYSE: LDK) even as 2 western panel makers make important new inroads to the China market. Meantime, Canadian Solar (Nasdaq: CSIQ) is also getting some good news in the form of new financing from a major western commercial lender for a new solar power project in Canada. Let's start with the LDK news, as it's easily the most downbeat in this flurry of new reports. For anyone who doesn't follow the sector too closely, LDK is one of the weakest major players in an industry suffering through a massive supply glut. Its weak financial position has left LDK tottering on the brink of insolvency for much of this year, and the company is actually in the process of a slow and painful takeover by a coalition of state-backed Chinese government bodies. Its latest results ...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2012/12...

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