in News Departments > New & Noteworthy
print the content item

Germany-based SolarWorld AG says it has embarked on an external review of its business plan, in light of financial concerns.

The company provided few concrete details in its recent investor statement, but it expects that "serious adjustments on the debt side are necessary." Several bonds are coming due, and a financial restructuring is likely, the company added.

SolarWorld noted that an "anticompetitive market environment" contributed to its financial woes. The company has been the most vocal proponent of applying tariffs to what it says are unfairly subsidized Chinese solar products.

Following the implementation of such tariffs in the U.S., SolarWorld's U.S. subsidiary recently noted that Chinese imports have fallen.




Hybrid Energy Innovations 2015

Surrette_id1409
Latest Top Stories

Installer's Survey Shows Solar Energy Customers Predominantly Middle Class

Massachusetts installer New England Clean Energy surveyed nearly 250 of its customers and found that the majority of households installing solar are middle class.


U.S. Renewables Continue To Outpace Coal, Oil And Nuclear In New Capacity

New U.S. capacity from renewables so far this year is almost 35 times that of coal, oil and nuclear combined - 3,598 MW vs. 104 MW. Solar and wind are running virtually neck-and-neck, with 1,671 MW and 1,614 MW, respectively.


Energy Department Invests Millions More In Cost-Cutting Solar R&D

The U.S. Department of Energy (DOE) is awarding $53 million to dozens of research and development (R&D) projects that aim to drive down the cost of solar energy.


TVA Reconsiders Solar's Role And Value In New Resource Plan And Grid Study

Critics point to wide variations in caps and premiums paid for solar under the Tennessee Valley Authority's (TVA) current plan. The utility agency says it will incorporate more solar stakeholders in future programs.


After Massachusetts' 'Godfather Of Solar' Exits, Will The New Gov. Step Up?

Bay State solar developers and suppliers look back on the legacy of Gov. Deval Patrick while awaiting Massachusetts’ incoming chief executive.

CanSolIndus_id1429
GoIndustry (UK) Limited_id1446
Lufft_id1410
Solectria_id
PVcobra_id1394
Ingeteam_id1433