Analysts “unsurprised” by SolarWorld’s bankruptcy
Leading solar analysts say that SolarWorld’s bankruptcy, announced yesterday, should not have come as a surprise. Pointing to the current “viciously competitive” cell and module market, and the ongoing dispute between Hemlock and SolarWorld subsidiary Deutsche solar GmbH, analysts from IHS Markit and BNEF, say that the writing had been on the wall for the German company for some time.
SolarPower Europe: SolarWorld bankruptcy marks “sad day for Europe”
The European solar industry’s peak body SolarPower Europe says that yesterday’s insolvency announcement, from German-based producer SolarWorld, is regrettable and that it is of “vital importance” that all parts of the solar value chain are present in Europe.
LPKF sees 65% YoY revenue increase in Q1
German laser specialist LPKF has made a good start to 2017, with especially strong performance from its solar equipment segment, which saw a revenue increase by 71% compared with the same period for the previous year.
Manz posts positive operating result in Q1 2017
The German equipment provider reports an operating profit of €20 million for the first quarter of this year.
Daqo New Energy posts $23 million net profit in Q1
The Chinese polysilicon producer’s net income attributable to shareholders reached $22.9 million in the first quarter of 2017, from just $8.3 million a year earlier.
Big challenges: Raj Prabhu on the SolarWorld insolvency and U.S. solar manufacturing
Today, SolarWorld AG filed for insolvency in Germany, and it is unclear whether or not its U.S. subsidiary will also file. In the following interview, Mercom Capital CEO Raj Prabhu talks about what this means for the U.S. solar industry.
EU ProSun: SolarWorld insolvency “heavy blow” for European solar
EU ProSun has described the bankruptcy of SolarWorld as a “serious blow to the German and European solar industry.” The lobby group, which has long advocated for tariffs against Chinese solar modules, “deplored” the news of the German-headquartered manufacturer’s insolvency – in a statement released minutes after SolarWorld’s official announcement.
Breaking: SolarWorld insolvent
Pioneering solar PV manufacturer SolarWorld AG is insolvent. The company announced today it is “over-indebted” and would immediately file an application for insolvency.
Kazatomprom’s solar manufacturing units to be privatized
Kazakhstan’s state-owned national atomic energy company announced its three solar manufacturing subsidiaries will be auctioned to the highest bidder in the frame of its privatization plan.
Kyocera’s net profit falls 4.8% to $925 million in 2017
The Japanese group’s net income attributable to shareholders fell from JPY 109,047 million ($970.9 million) to JPY 103,843 million in the 12 months to the end of March 2017, partly due to declining sales from its solar business. It did not reveal its total PV module shipments for the year.
