Appeals court upholds SolarWorld’s $800 million debt to Hemlock
The ruling comes as the German solar manufacturer is restarting following an insolvency process, and Hemlock may have a hard time collecting.
SMA’s results affected by price declines
The German inverter manufacturer reports that shipments remained stable in the first half of this year, while revenues were down year-over-year. The company has raised its outlook for 2017.
SolarWorld officially enters insolvency
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.
Storage prices are falling faster than solar and wind
A study from the University of California and TU Munich in Germany shows that long-term R&D spending played a critical role in achieving cost reductions.
Trump stalls on Paris climate agreement
The U.S. president declined to sign on to consensus language composed by G7 leaders, and has said that a decision will come some time this week. However, implications for solar and renewables may be limited.
BREAKING: SolarWorld Americas joins Suniva’s trade petition
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.
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.
SMA remains in the black
A difficult market environment has led to a drop in sales and profits. The German inverter maker, however, was able to keep writing black numbers in the latest quarter.
Big challenges: Raj Prabhu on the SolarWorld insolvency and U.S. solar manufacturing
Today, SolarWorld AG filed for insolvency in Germany, and it is unclear whether or not its U.S. subsidiary will also file. In the following interview, Mercom Capital CEO Raj Prabhu talks about what this means for the U.S. solar industry.
BREAKING: SolarWorld files for insolvency
Pioneering solar manufacturer SolarWorld AG is insolvent. It is unclear whether the company’s U.S. subsidiary must now file as well.
