Suntech | Wikipedia audio article
Channel: wikipedia tts
Date: 18/01/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Suntech_Power


00:01:50 1 Founder
00:02:58 2 Global operations
00:03:53 3 Installations
00:06:57 4 Awards
00:08:13 5 Financial activities
00:10:11 6 Decline
00:10:45 7 Bankruptcy
00:11:44 8 See also



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Speaking Rate: 0.766654553328762
Voice name: en-US-Wavenet-D


"I cannot teach anybody anything, I can only make them think."
- Socrates


SUMMARY
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Suntech Power Holdings Co., Ltd. (Chinese: 尚德; pinyin: Shàngdé) is a Chinese producer of solar panels, with 2,000MW of annual production capacity by the end of 2011. It is headquartered in Wuxi, Jiangsu. Shunfeng International Clean Energy Limited, a HKSE listed renewable energy investment and Independent Power Producer company, acquired Suntech in 2014 following Suntech's bankruptcy in 2013. With offices or production facilities in every major market, Suntech has delivered more than 13,000,000 solar panels to thousands of companies in more than 80 countries around the world. As the center for the company's global operations, Suntech headquarters, in Wuxi, China, features the world's largest building integrated solar facade.Suntech's fortunes have declined significantly since its peak in 2008, due to a glut in the market for solar products and problems with its investments. In March 2013 it announced a US$541 million bond payment default, becoming the first company from mainland China to default on its US bonds.
Chinese banks subsequently filed to place Suntech’s main unit, Wuxi Suntech Power Holdings Co., Ltd., into insolvency.  The company's American Depository Receipts were subsequently delisted from the New York Stock Exchange and placed on the over the counter (OTC) exchange.