According to research firm IHS iSuppli’s recent report, the global solar industry will continue to show growth in 2013

China is now expected to reach 40GW of installations by 2015. There is a certain amount of expectation that small companies will be marginalized and financial support will be given to an elite group.

China is expected to become the top PV installation country in 2013, driven by new policies announced recently

Even with financial arrangements and high-efficiency products, the glaring truth is that making it through this crisis as a manufacturer is insurmountable

Commenting on the results, Mr. Hughes said, "Despite continued uncertainties and over-supply conditions in the market, we delivered another strong quarterly performance." 

The filing had used the background of the US tariffs as additional proof, strengthening the already established cause of the bankruptcy resulting from low price and overflow of modules from China

Faced with all those factors, activities on balance sheets see more debt increases. Thankfully, the majority of the quarterly losses had limited cash-draining impacts

GCL’s revenues have fallen by 22.4% from $1.95B in H1-2011 to $1.528B in H2-2012, while the company has gone from making a profit of $457M to a loss of $42.5M