Over 700 units are set to go under the hammer this week as part of court-ordered liquidation of Californian solar firm, brought down by FBI probe over Ponzi-style fraud allegations.
German-based monocrystalline PERC (Passivated Emitter Rear Cell) PV module manufacturer SolarWorld Industries has filed for bankruptcy a second time in less than a year.
International solar PV systems integrator Phoenix Solar has announced plans to enter insolvency proceedings due to US$ 8.0 million reimbursement claim by a US customer.
Qatar Solar Technologies (QSTec) has taken a 49% stake in SolarWorld Industries GmbH, the new entity that purchased SolarWorld AG’s core manufacturing assets, according to reports in Qatar.
The insolvency administrator for SolarWorld AG's shares in Solarparc GmbH, Deutsche Lithium GmbH and SolarWorld Americas said it was focusing its efforts on finding buyers for these companies.
Solar PV cell and module ribbon interconnect supplier Ulbrich Solar Technologies has closed its production operations in Hillsboro Oregon, due to operating difficulties of SolarWorld Americas after parent company SolarWorld AG went into insolvency proceedings.
Key manufacturing and R&D assets of bankrupt German integrated PV module manufacturer SolarWorld AG have been acquired by its former founder and chairman, Dr. Ing. Eh Frank Asbeck.
