SolarWorld AG insolvency triggers bonds default

June 26, 2017
Facebook
Twitter
LinkedIn
Reddit
Email
The two bonds were expected to run through until 2019 and had a value of around €178.6 million, according to SolarWorld’s 2016 annual report. Image: SolarWorld

Bankrupt integrated PV module manufacturer SolarWorld AG said that its two listed bonds had become due to be repaid immediately as a condition of default since entering insolvency proceedings in Germany on May 10, 2017.

The two bonds were expected to run through until 2019 and had a value of around €178.6 million, according to SolarWorld’s 2016 annual report. The company entered insolvency proceedings with cash and cash equivalents of around €84 million, according to previously released preliminary first quarter 2017 financial results.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2028 and beyond.
13 October 2026
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 13-14 October 2026 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023, 2024 and 2025 were a sell out success and 2026 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

April 16, 2026
JinkoSolar’s 2025 results have revealed declines in annual module shipments and revenues, as well as a sharp drop in profitability.
April 15, 2026
Rumours of a closed-door meeting in China to discuss polysilicon production cuts sent the share prices of several leading players higher before they were widely denied.
April 15, 2026
Jupiter International and Ampin Energy Transition have commissioned a 1.3GW integrated solar cell and module manufacturing facility in Bhubaneswar, Odisha.
April 15, 2026
US-based PV manufacturer Suniva is to open a new solar cell manufacturing facility in Laurens, South Carolina.
April 14, 2026
India’s MNRE has expanded the ALMM List-II for solar cells to 27.8GW, and added HJT cells for the first time.
April 14, 2026
Premier Energies is set to supply 1.6GW of solar cells and modules in the fourth quarter of 2026, under contracts valued at INR25.77 billion (US$276 million). 

Upcoming Events

Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
March 9, 2027
Location To Be Confirmed