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Yet another much-hyped energy “renaissance” — that of the global solar-power industry — is looking less like a rebirth and more like a zombie invasion. The Chinese company Suntech, until recently the largest manufacturer of photovoltaic panels in the world (it is still number two), on Friday defaulted on over half a billion dollars worth of debt. It is the first mainland-Chinese company in history to default, and it is also the best known Chinese company in the world. It is thought that China will find a way to keep the company alive — or at least looking as if its alive — but its fall is spreading terror through the solar “industry.” Continue reading