SolarWorld Americas the subsidiary of bankrupt integrated PV module manufacturer SolarWorld AG said it would receive a US$6 million cash infusion from its parent company’s financial lenders to continue reduced operations after recent workforce reductions and support its co-petition with bankrupt US rival Suniva in the ITC ‘Section 201’ case.
Major US EPC firm Swinerton Renewable Energy (SRE) has launched a new website that focuses on its many employees working in the solar industry rather than the installations, typical across the industry.
SolarWorld Americas the US solar manufacturing subsidiary of bankrupt SolarWorld AG said it had joined bankrupt US solar module producer, Suniva as co-petitioner in the Section 201 trade case under investigation with the U.S. International Trade Commission (ITC).
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.
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.