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BLDP FCEL PLUG China has first corporate default
#msg-60307461 ~> Energy/Solar
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#msg-92567633 ~> Gov Shutdown & Obamacare Markets Debut

#msg-79580300 market Breaking Out after QE3
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#msg-74448327 Sell in May
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A small Chinese solar firm has defaulted on its debt -- the first of its kind for China -- perhaps pointing to the end of 11th-hour government bailouts for troubled enterprises.
Earlier this week, Shanghai Chaori Solar Energy said it may not be able to make a payment due Friday to investors on a 1 billion yuan ($164 million) bond. The firm was supposed to make an 89.8 million yuan ($15 million) interest payout, but had only managed to raise 4 million yuan.


http://money.cnn.com/2014/03/07/investing/china-solar-default/index.html

Chaori to Sell Solar Farms to Repay Bondholders After Default
The manufacturer will seek buyers for solar farms in Greece, Bulgaria, Italy and the U.S., Vice President Liu Tielong said by phone today. Chinese banks that had previously agreed to provide 800 million yuan ($130.3 million ) in loans if the company faced a temporary cash squeeze “have no willingness to lend,” he said.
The failure signals the government may back off its practice of bailing out companies after promising markets a “decisive” role in the allocation of resources.

http://www.businessweek.com/news/2014-03-10/chaori-to-sell-solar-farms-to-repay-bondholders-after-default