A pair of court rulings has shot down challenges by a range of solar manufacturers related to the details of 2014 import duties on solar products from China and Taiwan.
The company said that continuing it’s business operations is possible only with reduced staff. Production must keep going in the interest of possible future investors.
The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.
GTM Research’s latest report predicts a 50% to 60% overall reduction to solar installations if trade action is taken, with the utility-scale sector taking the most significant hit.
With Solarworld’s recent insolvency announcement, questions regarding the potential for trade disputes to affect the global solar industry have once again been brought to the fore. At Intersolar Europe 2017 in Munich, pv magazine spoke with Benjamin Attia of GTM Research about the organization’s latest research into this broad reaching topic.
Solarworld claims that the business has been stabilized, and first customers have been supplied again. It was also announced that Chairman of the Supervisory Board, Georg Hansen, will resign in June.
Speaking on the occasion of the EU-China Summit, Milan Nitzschke, presideut of EU ProSun, issues warning that China state-influence in the solar industry is nefarious and directly responsible for job losses in Europe.
The U.S. International Trade Commission has informed the WTO that it is moving forward with its investigation into whether Suniva and SolarWorld deserve “global safeguard” protection from their competitors.
Ducatt had to start insolvency proceedings due to the insolvency of German solar module manufacturer SolarWorld. Around 50% of Ducatt’s revenue came from orders placed by SolarWorld, as reported by local media.
The company has given WARN Act notices to all of its employees, and says that it is trying to determine the right size going forward.
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