Bankruptcy

As part of the insolvency process of the U.S. solar cell and panel maker’s parent company, the Oregon factory is now for sale.

A bipartisan group of House and Senate members cited the possibility of devastating job losses as the reason to reject the Suniva/SolarWorld Section 201 trade case, one day before the commission hears testimony on the case.

Ulbrich Solar Technologies, a longtime supplier for the struggling module supplier, closed the doors on its plant in Hillsboro, Ore., citing fierce foreign module competition as the reason.

Almost three months after announcing provisional insolvency proceedings, the German module maker has now entered the insolvency process. The company is currently negotiating with a potential investor for the takeover of its two German production sites.

More than a year after the world’s largest renewable energy developer went under, Judge Stuart Bernstein has approved a deal that will allow it to emerge from bankruptcy proceedings over the objections of shareholders and two investors.

The company says the central assumption of the report – a $1.18 per watt floor price – is wrong and that the headlines resulting from the report could harm its trade case.

The California solar installer will likely be liquidated, after its liabilities mushroomed to at least 200 times its assets.

The U.S. International Trade Commission has informed the WTO that it is moving forward with its investigation into whether Suniva and SolarWorld deserve “global safeguard” protection from their competitors.

After originally being cool to Suniva’s petition to the U.S. International Trade Commission for protection from its Chinese competitors, SolarWorld has reversed its stance and joined the complaint as a co-petitioner.

After strongly criticizing the U.S. International Trade Commission’s decision to the bankrupt module manufacturer’s petition for “global safeguard relief” from imports of crystalline silicon solar PV cells and modules, the president and CEO of the Solar Energy Industries Association (SEIA) agreed to talk further about her concerns with pv magazine.