SolarWorld on brink of being saved

Bankrupt integrated PV module manufacturer SolarWorld AG is close to securing a new owner as a group of unidentified investors are to finance continued manufacturing operations at sites in Freiberg and Arnstadt in Germany by mid-August 2017.

SolarWorld AG insolvency triggers bonds default

Bankrupt integrated PV module manufacturer SolarWorld AG said that its two listed bonds had become due to be repaid immediately as a condition of default since entering insolvency proceedings in Germany on May 10, 2017.

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.