The bankruptcy reorganization photovoltaic spring where

"Success or failure turned empty, Aoyama is still there, How Many Suns, the surging tide of market economy, it seems that is not the invincible forever strong. Used to be one of the four largest PV companies Suntech Power Co., Ltd. sadly fallen due to their inability to repay debt.

According to Xinhua News Agency, March 20, Wuxi Intermediate People's Court announced, said Suntech Power Co., Ltd. can not be returned to its debts as they become due, ruled that the bankruptcy reorganization. The data show that the end of February, the foreign currency credit balance of nine creditor banks, including ICBC, Agricultural Bank of China, Bank of China, including Suntech RMB has reached $ 71 billion. March 18, the creditor banks Suntech Suntech bankruptcy reorganization application submitted to the Wuxi Intermediate People's Court jointly.

Suntech Power Co., Ltd. was founded in 2001 in Wuxi IPO in December 2005, became the first private enterprises in China successfully listed in New York, the PV module production capacity in 2012 reached 2.3 GW, is the world's four large Photovoltaic solar charge controller one. The its head Zhengrong Shi also worth 15.5 billion yuan to become the richest man in China, from the reputation Crane. Today, the same bankruptcy because PV companies once again become the focus.

Beginning in 2011, the photovoltaic industry overall downlink loss continues to expand, while operating income decreased receivables constant increase accept the "China Sankei Shimbun" reporter interview in Business reported net Industry Research Center researcher Junhua entire PV industry is in trouble.

Known as the photovoltaic industry with the sun and the moon Zhenghui, but now living in the "winter", many large and small PV companies are cold, shivering, photovoltaic business news of the tidal wave of bankruptcies continue to appear in the major media. Suntech came tumbling down in the industry caused no small vibration. Many people in the industry or more Suntech bankruptcy reorganization and excessive expansion of the industry vicious competition and internal decision-making errors associated with these reasons lead to Suntech's bankruptcy reorganization, but it is by no means the only reason.

Expo Financial Analysts Zhang Xiong in an interview with "China Sankei Shimbun" reporter, said that the result of many factors, both market factors, government factors, then there are inter-country trade friction factors. Of course, the most important is the enterprise's own problems, poor management, and blind expansion. At the macro level, the photovoltaic solar panels industry is an emerging industry and has broad prospects, but government support beyond the actual needs of the market stage of development, lead to inaccurate judgment of the market prospects.

Zhang Xiong, Suntech bankruptcy reorganization, is destined to be a landmark event in the PV industry in China, which is a microcosm of the return to the origin of the over-expansion of the photovoltaic industry.