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18

Little-Known Lender’s Stand Threatens a $29 Billion Solar Market

By Tony Seruga

SQN Capital financing Suniva trade case seeking solar tariffs
Opponents argue tariffs may double panel prices, slow installs

A little-known Wall Street lender with a background financing dump trucks and helicopters is bankrolling a trade case that’s threatening the $29 billion U.S. solar industry.

SQN Capital Management typically finances and leases crucial, if prosaic, business equipment: think cement mixers, office furniture, honey-production machines, farm equipment. A $50 million loan to Suniva Inc. was one of its biggest ever, and when that loan went south with Suniva’s April bankruptcy filing, SQN joined the Georgia-based solar manufacturer’s improbable plan: ask President Donald Trump to impose tariffs on cheap imports from Asia…

Little-Known Lender’s Stand Threatens a $29 Billion Solar Market

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