SolarWorld gets green light to raise more capital

Facebook
Twitter
LinkedIn
Reddit
Email

PV module manufacturer, SolarWorld, has received shareholder approval to raise additional capital.

It emerged last week that shareholders voted for the at the company’s AGM in May as a measure to give management the ability to react to market conditions with greater speed and flexibility in the future.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

SolarWorld did not specify the amount or provide further information.

SolarWorld has recently completed a lengthy restructuring to avoid bankruptcy, which included two bonds being restructured. The company has also received payments from Bosch as part of a deal to takeover its solar cell and module operations in Germany.

The company also claimed that it had recent secured a 50MW module supply deal for a utility-scale PV project that confirmed that its sales were recovering after the restructuring. No further details on the large order were provided.

SolarWorld had previously noted during the restructuring phase that it was unable to build PV power plants due to bankability issues. The company will report first half 2014 financial results on August 14.

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK