Saudi Arabia, UAE lead race to deploy solar projects
Arab News Article 3 Sep 2013; Google for more detailed Info: First Paragraph:.
Saudi Arabia and the UAE have emerged as the biggest markets among GCC states for the deployment of solar power, accounting for most of the projects. The six GCC countries altogether have sanctioned solar power installation projects worth approximately $155 billion, which will generate more than 84 GW of power when complete in 2017.
Potential $155Billion, 84GW power between now & 2017.
STP is supplier to both UAE & Saudi.
So Brand Name & Distribution network just in this area is invaluable for the right "Strategic Investor".
Wonder with their involvement in Abu Dhabi's Masdar, whether Suntech holdings management approached them as strategic investor.
Cash rich Abu Dhabi bailed out default Dubai World, which was much more massive than STP's default.
Don't always listen to Bloomberg. They get paid big bucks to say certain things. Example. Gold
still went up much higher after big investors and huge institutions sold their positions!! Allways research and make your own decisions.