According to IG Metall (Industrial Union of Metalworkers), the majority of the remaining 150 Solon employees will lose their jobs.
SunEdison has closed financing, underwritten by Deutsche Bank Securities, for the construction of the project, located in Kern County.
LDK Solar’s Constance-based company has tried but failed to remain afloat for the second time in seven months.
New bill passed by the state will apply an as-yet-undetermined monthly surcharge to homeowners who install rooftop PV arrays.
The SEIA and Vote Solar have both backed state Governor Andrew Cuomo’s decision to extend the successful initiative to 2023.
The 35-year-old German company has opened insolvency proceedings with the hope of successfully restructuring and securing new financing.
Poor but unsurprising financial results published today reveal a 55% contraction in annual revenue, which fell to just EUR 124.9 million ($172.6 million).
Insolvent and bedeviled by debt, administrators warn the Konstanz-based subsidiary of LDK Solar that the offer is not sufficient to satisfy shareholder demands.
The solar company names Jose Perez as the man to lead operations in Europe, Africa and Latin America, replacing Pancho Perez.
A forthcoming Solar Summit hosted by the White House will outline government support for solar initiatives, including a $15 million PV pathway fund.
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