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.
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.
Italy plans to introduce auction scheme for large-scale solar starting 2020
In the country’s new energy strategy, the Italian government is planning to phase-out coal power plants starting 2025, and to support utility-scale PV projects through long-term PPAs.
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.
Video: China market not to disappoint in 2017
Far and away the largest PV market in the world, China’s development has broad consequences for the entire PV industry. Nowhere was this more evident than at the SNEC trade show in Shanghai last month, where the question of China’s projected installations for 2017 was hot on everyone’s lips.
Enphase sees losses increase in first quarter
The U.S. microinverter manufacturer reported a lower than expected revenue in the latest quarter, with shipments decreasing slightly year-on-year. The company, however, was able to strenghten its cash position after implementing a restructuring plan in the previous quarters.
Ukraine’s Lviv region sees 10 MW of solar come online
The solar plant was built by local developer LigAgro under Ukraine’s FIT program at a cost of $10 million.
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.
