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 Industries starts production

Newly formed German PV module manufacture SolarWorld Industries GmbH has officially started production, according to the insolvency administrator for SolarWorld AG.

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.