Re:U.S. Imposes Steep Tariffs on Chinese Solar Panels
by adventured on Saturday December 20, 2014 @03:00PM
(#8777729)
Many of the Chinese manufacturers have been losing tons of money.
SunTech of course famously imploded. So did LDK Solar.
Trina Solar has been losing money for years: $376m in losses over fiscal 2011/12/13.
ReneSola lost $501m over 2011/12/13
JS Solar lost $433m over 2011/12/13.
Yingli Green Energy lost $1.32 billion over 2011/12/13.
And in almost all of these instances, these companies lost money every single year referenced.
Some of these companies have started to produce some profits again, with formerly very high oil. That of course is likely to reverse as fast as it surfaced. Politics move slower than quarterly results however, and the tariffs have likely been planned or lobbied for, for years.
SunTech of course famously imploded. So did LDK Solar.
Trina Solar has been losing money for years: $376m in losses over fiscal 2011/12/13.
ReneSola lost $501m over 2011/12/13
JS Solar lost $433m over 2011/12/13.
Yingli Green Energy lost $1.32 billion over 2011/12/13.
And in almost all of these instances, these companies lost money every single year referenced.
Some of these companies have started to produce some profits again, with formerly very high oil. That of course is likely to reverse as fast as it surfaced. Politics move slower than quarterly results however, and the tariffs have likely been planned or lobbied for, for years.