国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Across America

Pondering the what-ifs of a deal for Suntech

By Michael Barris in New York | China Daily | Updated: 2013-04-18 12:00

If investor Warren Buffett's MidAmerican Energy Holdings Co were to buy bankrupt Chinese solar-panel maker Suntech Power Holdings Co, it would "open doors to potential investment opportunities in China's utility and energy sectors", an analyst said.

Wedbush Securities' Min Xu told China Daily on Saturday that a rumored bid by MidAmerican for Suntech - based on an anonymously sourced report last week by a news service owned by the Hong Kong Economic Times - could, if true, turn the local government in Wuxi, where Suntech is based, into a "close ally" of Buffett's.

Such a relationship "could be valuable for future investment in the region", Min said.

Buffett is no stranger to deals for US solar companies. Reflecting the Nebraska billionaire's confidence in the future of panels, which convert sunlight into electricity, MidAmerican in January agreed to acquire two SunPower Corp solar photovoltaic power plant projects in California for between $2 billion and $2.5 billion. MidAmerican also owns the 550-megawatt Topaz Solar Farms built by First Solar in California and holds a 49 percent stake in a 290-mW plant in Arizona.

A Buffett rescue of Suntech could restore some luster to what was once the world's biggest maker of panels. But Min cautioned that "the huge liability" tied to 20-year warranties on Suntech's solar modules "could be a deal breaker". Buffett could also look into "a dozen other Chinese solar companies for a better deal", the analyst said.

"The debt owner and the Wuxi government will have to offer something very attractive to seal the deal," Min said. "The Buffett name is probably worth more than the whole company.

Speculation that Buffett was looking to buy the ailing company last week pushed up Suntech's New York-traded shares by more than 30 percent.

A spokeswoman for Iowa-based MidAmerican said the company doesn't comment on speculation. A spokesman for Suntech couldn't be reached.

Suntech is a casualty of debt, which totaled $2.2 billion at the end of March 2012, as well as oversupply and declining prices in the solar-panel market.

It filed for protection from creditors under Chinese bankruptcy law after defaulting on a $541 million bond payment in March. The bankruptcy court in Wuxi has appointed a team of local government officials to manage the process. Suntech employs about 10,000 people at its main factory in Wuxi.

A Buffett deal is seen easing Suntech's debt woes faster than a rumored plan to sell solar power generation assets in Italy. Reports on Wednesday said selling the assets may generate hundreds of millions of dollars, but some industry insiders doubt if it could strike a satisfactory bargain, due to its urgent demand for cash.

"We will consider all options to maximize the value for our stakeholders," Suntech's spokesman said on Wednesday when asked whether the company would sell its 88.15 percent stake in Global Solar Fund Sicar, a Luxembourg-based fund specializing in the development of solar power projects, mainly in Italy.

In 2013, worldwide solar panel output is expected to climb to 60 gigawatts - well above forecast demand in the 40-gW range. In 2012, worldwide module demand was 35 gW.

michaelbarris@chinadailyusa.com

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
朝阳区| 屏东市| 德兴市| 赤壁市| 乐山市| 天门市| 桓台县| 乌拉特后旗| 济宁市| 仙居县| 康平县| 湟中县| 龙门县| 临海市| 彩票| 巫山县| 灵宝市| 清徐县| 神木县| 金堂县| 富阳市| 庆城县| 峡江县| 湾仔区| 鱼台县| 阿勒泰市| 鹤庆县| 安徽省| 理塘县| 定襄县| 张家界市| 娱乐| 龙川县| 中卫市| 东宁县| 太康县| 榆中县| 廊坊市| 上蔡县| 嵩明县| 旅游|