31 Dec '12, 5pm

Solar Bits: LDK Woes, Hanwha Loan

A couple of news bits from the solar sector are showing at once how companies continue to struggle with fallout from the ongoing downturn even as some larger players continue to receive lifelines from Beijing. In the former category, floundering giant LDK (NYSE: LDK) has just announced an arbitration panel's ruling that it must pay hundreds of millions of yuan for equipment that it ordered at the height of the solar boom but which it no longer wants or needs. Meantime in the latter category, mid-sized player Hanwha SolarOne (Nasdaq: HSOL) has just received a major new credit line from a Beijing bank, becoming the latest to get state funding to continue its operations pending the roll-out of a larger industry overhaul plan. Let's start out with LDK, which is in the slow and painful process of being taken over by the state as it struggles under billions of dollars in debt th...

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

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Solar Bits: LDK Woes, Hanwha Loan

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