Suntech Forecasts Solar Rebound in Year as Subsidy Cuts Wane
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Suntech Power Holdings Co., the biggest maker of silicon-based solar panels, sees a recovery in demand in a year when the effect of European subsidy cuts wanes, while supply will tighten as lower prices force rivals to shut.
“You have seasonal demand lows in the first quarter always, and additionally you have Italy and France pushing way down because they are changing their tariffs,” Chief Commercial Officer Andrew Beebe said yesterday in an interview at the company’s main offices in Wuxi, west of Shanghai. “We’re ready to go through that very, very difficult time.”