Amid a flurry of speculation after its German parent company SolarWorld AG, the U.S. arm of the crystalline silicon PV manufacturer released a statement reassuring the market and its employees that it continues to operate at full strength.
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.
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.
Pioneering solar manufacturer SolarWorld AG is insolvent. It is unclear whether the company’s U.S. subsidiary must now file as well.
The German-American module maker shipped 382 MW in the first three months of this year. The company’s plan to focus on monocrystalline PERC products is being implemented according to schedule.
The two cities are the latest in significant momentum for 100% renewable energy campaigns
One of the pillars of Donald Trump’s election campaign was his pledge to protect the U.S. manufacturers from unfair competition. While it is still unclear whether he will follow through with his threats to increase import taxes on Chinese goods, SolarWorld took the opportunity of the historic meeting between President Trump and Chinese counterpart Xi Jinping to harangue China’s solar manufacturers and called for the issue of solar dumping to be raised.
The Campaign for Accountability sent a letter to Oregon’s top law enforcement official asking her to investigate what it calls “false and misleading acts in the marketing and sale or lease of solar panels” in the state, the same day that SEIA launched an education campaign to combat shady sales practices by solar installers.
The German PV module maker has confirmed its financial results for 2016. The company reiterated its outlook, which forecasts that it will become profitable again in 2019.
In a joint plan released by OSEIA and the Lewis and Clark School’s Green Energy Institute, the state could produce 10% of its power by 2027, as well as double its solar workforce.
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