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.
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.
The European Union will see an extension to hotly contested duties on Chinese PV exporters by 18 months. A spokesperson for the European Commission confirmed the move with pv magazine today, adding that the duties will be phased out, in line with industry cost reductions.
European Commission VP Frans Timmermans says new 18 month tariff period proposal will be put to the 28 EU Member States later this month. SolarPower Europe says move goes in right direction, but could go further.
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