Rumor has it CNOOC is thinking of acquiring Canadian Solar. Canadian Solar has denied this rumors but what if it's true? My first thought was you'd have to expect CNPC and Sinopec to follow suit with acquisitions. My second thought was why stop at oil companies when it comes to potential solar suitors - any big bucks conglomerate would do. At this point Suntech, Trina and Yingli (AKA: Suntringli) are the established name brand Chinese module makers. Runner-up brands include Canadian Solar and Jinko. If one of these companies gets acquired it could start a sugar daddy scramble among the remaining players. Analysts often point out that all the Chinese solar companies are carrying high debt loads but this worry would mostly go away if large conglomerates got in the game. Big money could look at the existing debts as development costs and simply write a check. Things would get extremely interesting after that.
The GLC Route
Why buy at a premium when you can pull a GCL? A few years back GCL jumped into the solar wafer business with both feet. The chart on the right shows their rapid ramp up. Back in 2010 it looked like LDK and Renesola were going to dominate wafering. Today LDK and Renesola both look ready to close up shop.