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.
Bankrupt German integrated PV module manufacturer SolarWorld AG has announced the resignation of its Management Board, excluding founder and chairman, Dr. Ing. Eh Frank Asbeck.
Up to 100 solar PV firms in Japan could face bankruptcy this year, with more than double the number of firms going bust in the first half of this year than the same period in 2016.
With its parent company SolarWorld AG and German-based subsidiaries at the early stage of insolvency proceedings, US subsidiary SolarWorld Americas Inc., has said for the first time since its parent company went bankrupt that it was planning to operate its manufacturing plant in Hillsboro, Oregon and other operations as normal.
Recently bankrupt Sungevity has sold assets to Solar Spectrum, a newly-established solar firm backed by Minnesota-based private equity firm Northern Pacific Group.
