Climate Changed
Chinese Solar Makers Shown $55 Million Path to Avoid Tariffs
- Suniva’s factory equipment offered in sale to end trade case
- Suniva filed trade complaint aimed at curbing cheap imports
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An investment firm that’s financing a trade complaint against cheap imported solar cells said that case would disappear if Chinese companies bought $55 million in manufacturing equipment.
SQN Capital Management says Suniva Inc., a Georgia-based solar fabricator in Chapter 11 bankruptcy, owes it more than $51 million for the purchase of factory equipment it financed. The firm said it’s bankrolling the U.S. trade complaint by Suniva in a bid to help that company recover.