The Federation of German Industry (BDI) and the Federation of German Wholesale, Foreign Trade and Services (BGA) have warned of the loss of thousands of jobs in Germany if the EU Commission imposes anti-dumping duties on photovoltaic products imported from China, according to a local newspaper.
The Korean conglomerate Hyundai Heavy Industries has withdrawn its shares from the joint venture Korean Advanced Materials, which manufactures polysilicon, according to a local media report. The sustained downturn in the photovoltaic industry has been blamed for the decision.
Due to a third-party application, insolvency proceedings for Sunways are now officially open. The 100% wholly-owned subsidiary in Arnstadt, Germany is also affected.
Centrosolar Group AG announced yesterday that it has sold its subsidiary Centrosolar Glas GmbH to Belgian solar glass manufacturer Ducatt NV for a symbolic price, as part of its restructuring program, according to a company statement.
Over 100 scientists are meeting in Germanys capital today to discuss the interim results of their research and development projects, funded by the Photovoltaics Innovation Alliance. The goal is solar power cost reductions.
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