04 Jan '13, 1pm

Banks Cool on Solar, Beijing Steps In

A few of the latest headlines reflect a cooling appetite by banks for funding solar energy related projects, creating a worrisome vacuum that Beijing may need to fill as it seeks to stop struggling sector from sinking further still. Two of the latest such headlines look like particular cause for worry, with Canadian Solar (Nasdaq: CSIQ ) taking over financial responsibility for a solar power project from one of its construction partners for unspecified reasons that I suspect are related to waning interest by banks in funding such projects. (company announcement ) Another similar recent domestic media report says that a Chinese company that insures solar panel sales has just made its biggest-ever payment to JA Solar (Nasdaq: JASO ) after the panel maker couldn't collect payment from one of its overseas customers. (Chinese article ) Both of these pieces of news seem to point...

Full article: http://www.altenergystocks.com/archives/2013/01/banks_coo...

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