QSTec takes 49% stake in rebooted SolarWorld

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.

SolarWorld Americas planning major restructuring to survive

SolarWorld Americas the US manufacturing subsidiary of bankrupt SolarWorld AG, expects to undertake a major restructuring to attempt to survive after telling its workforce of over 800 that they could receive notices of being laid-off at an undetermined time as part of the WARN (Worker Adjustment and Retraining Notification) Act.

SolarWorld Americas attempting to go it alone

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.

SunEdison gets greenlight to close US$150 million sale to GCL-Poly

Bankrupt renewables firm SunEdison has finally got the green light to proceed with the US$150 million sale of its FBR (Fluidised Bed Reactor) technology polysilicon assets to GCL-Poly Energy Holding after a deal was struck with company spinoff SunEdison Semiconductor.