US-headquartered high-efficiency PV module producer SunPower Corp has completed the acquisition of SolarWorld Americas from German insolvency court and administrators, securing the future of the solar cell and module assembly operations of the Hillsboro, Oregon plant.
Leading PV microinverter supplier Enphase Energy reported second quarter 2018 earnings that indicated the path back to sustained profitability was in sight, despite a number of market issues, such as trade barriers and continued electronic component shortages.
So technically, subject to approvals, California-headquartered SunPower Corp has acquired Hillsboro, Oregon-based PV manufacturer, SolarWorld Americas, yet typically there are many known unknowns regarding the acquisition.
Solar PV manufacturer SolarWorld Americas said it had been given a US$5 million loan to support a return to full manufacturing capacity, which would add around 200 jobs, sometime in the third quarter of 2018.
The Solar Energy Industries Association (SEIA) has sent a plea to president Trump asking him to preserve tens of thousands of US solar jobs by not imposing high tariffs on imported solar panels, while Trump himself has indicated that he will make a decision on the Section 201 Case soon.
SolarWorld Americas has highlighted its remedial policies to the US ITC Section 201 case that include not only a minimum import price (MIP) but a total import limit of solar cells and modules at levels around half the demand in the US in 2017.