OPIC under investigation for loans to Chilean solar projects
An internal U.S. government watchdog is looking at the loans which kick-started large-scale solar in Chile, after at least three of five solar projects have made moves to restructure these loans.
United States informs WTO of trade petition investigation (ITC notification embedded)
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.
BREAKING: U.S. trade commission moves ahead with Suniva investigation
The International Trade Commission decided late tonight to move forward under Section 201 of the Trade Act of 1974 to investigate whether the bankrupt module maker deserves protection from its Chinese competitors, with potentially severe results for the U.S. solar market.
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.
