Suniva solar is trying hard to sell its soul and it just might win. The ITC Section 201 trade case – in which Suniva is suing all global solar power manufacturers for too much competition – was bankrolled by an investment firm, SQN Capital Management, in order to use as leverage to extort successful solar power companies to buy the hardware of the failed manufacturer. The investment firm attempted to get a buyer in May, stating that a successful sale would negate the need for the lawsuit. They failed at finding a buyer and the lawsuit has passed the point of no return.
Now it seems Suniva might still win, as two major solar companies – LONGi and Canadian Solar, seem to have shown interest in buying their assets.