Squeeze attempt undercuts Suniva’s trade case (FULL LETTER EMBEDDED)
In a shocking and bizarre twist to bankrupt panel manufacturer Suniva’s potentially devastating trade-protection petition, the company’s biggest U.S. creditor told the Chinese that for the right price, it could make the trade complaint disappear.
Solarworld insolvent, provisional administrator named
The Bonn court has confirmed to pv magazine that Horst Piepenburg was named temporary administrator for SolarWorld. The company’s German subsidiaries have also filed for insolvency.
SolarEdge reports strong Q1 with $115 million in revenues
The company shipped 455 MW-AC of inverters from January through March and predicted revenues for Q2 to be within the range of $120 million to $130 million.
BREAKING: tenKsolar undergoing restructuring
Details are sparse, but layoffs have already begun and a Chief Restructuring Officer is being appointed.
SEC investigates Tesla, Sunrun over cancelled contracts
SEC has subpoenaed Sunrun, and is also looking into the number of Tesla customers who have backed out of leases, after state officials received hundreds of complaints about sales practices.
BREAKING: HelioPower files for Chapter 11 bankruptcy
The case, filed in U.S. Bankruptcy Court for the District of Nevada, shows the California installer has liabilities of up to $10 million, owed to up to 5,000 creditors.
Out of Sungevity’s ashes, Solar Spectrum will rise using its assets and employees
The wind down of the former fifth-largest residential solar installer continues as its new owner purchases some of its contracts and promises to hire “a substantial majority” of the bankrupt company’s employees.
Potential disaster: Jigar Shah on Suniva’s Section 201 petition
Yesterday Suniva filed for “relief” under a little-known legal provision that would allow the president to take action normally not permitted to protect a domestic industry from imports. pv magazine sought Jigar Shah’s perspective on this case and possible outcomes, and it frankly doesn’t look good.
BREAKING: Suniva petition could start new global solar trade war
Today Suniva filed for relief under a little-known act that could exempt the United States from global trade agreements and allow President Trump to take trade action against solar imports from multiple nations. Suniva is asking for a minimum import price of $0.78 per watt for modules and $0.40 for cells.
Sungevity sacks 40 more workers without notice, changes name
After being rescued from bankruptcy earlier this week, the formerly Top 4 solar installer fired more employees with no formal notice – and changed its name to Spectrum Solar.
