Wednesday, August 16th, 2017

Analysis: Inventory mountain adds to pain for Chinese solar firms

<img src="http://www.davidsellers.com/wp-content/plugins/wp-o-matic/cache/0004e_2012-09-19T173636Z_1_CBRE88I1CXE00_RTROPTP_2_CHINA.JPG" width="130" height="86" alt="An employee walks between rows of solar panels at a solar power plant on the outskirts of Dunhuang” align=”left” title=”An employee walks between rows of solar panels at a solar power plant on the outskirts of Dunhuang” border=”0″ />(Reuters) – In China's Jiangsu province, near Shanghai, mountains of solar panels sitting around a factory owned by Trina Solar Ltd are fast losing their value. Trina and other Chinese solar companies, including Suntech Power Holdings Co Ltd and Yingli Green Energy Holding Co Ltd , hold inventory of about 5 gigawatts (GW), analysts say, nearly one-sixth of annual global demand. The stockpiles would be valued at about $4.5 billion based on the average selling price of 87 cents for a panel in the second quarter, but the glut means prices are falling fast. …


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