SolarWorld damages listed at US$793 million

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Source: Creative Commons/steakpinball.

The proposed final judgement in SolarWorld's case with Hemlock has been set at US$793 million plus costs and interest.

On 13 July the judge in the case granted Hemlock's requests for summary judgement and indicated that he had found in favour of Hemlock. He gave the company a week to submit its proposed damages.

The final figure is US$793.5 million. Legal costs will be entered seperately. Interest of 12% will be applied to the principal amount of US$585.4 million. A final judgement was released by the judge shortly after following on from the proposed judgement of 13 July.

It is understood that Hemlock is pressing SolarWorld to drop its trade disputes in the US in the hope that China would then drop its own complaints that have effectively closed the market off to US poly producers.

26 January 2022
Join this free webinar for our analysis of the growth of N-Type technology including; new capacity expansions and production output. We'll also be looking at the global manufacturing footprint with forecasts on how much product will be made outside of China this year and which companies are driving technology change across the crystalline silicon value chain.

Read Next

January 10, 2022
Upstream solar major Tongwei has forecasted for profits to more-than-double in its 2021 financial year on the back of increased material and cell prices experienced last year.
PV Tech Premium
January 10, 2022
After a 2021 which saw price volatility dominate the solar industry’s new, the sector started anew last week. How has the downstream started the year with regards manufacturing and pricing?
January 7, 2022
The solar PV industry produced more than 190GW of modules during 2021, as the industry went through its first major production-led supply cycle, Finlay Colville reveals in exclusive analysis for PV Tech.
January 6, 2022
PV Tech speaks to Philipp Matter, president for Europe at GCL System Integration, to discuss last year's supply chain crises, targeting growth in Europe and the prospects for competing new solar technologies.
January 4, 2022
Daqo New Energy has provided a RMB10 billion (US$1.6 billion) capital injection to a subsidiary which is to advance on future polysilicon production projects in Inner Mongolia.
January 4, 2022
Solar manufacturer Risen Energy has revealed the details of a RMB44.6 billion (US$7 billion) manufacturing capacity expansion plan that will span n-type polysilicon ingots, modules and renewables projects.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal