in News Departments > New & Noteworthy
print the content item

Spain-based Isofoton has launched a restructuring plan that the company says will align its staffing with the solar sector's current needs. The plan will affect 380 workers at Isofoton's Malaga, Spain, module factory.

Isofoton has also begun negotiations to refinance its debt with suppliers in order to ensure its viability and to improve its efficiency. The company is aiming to implement a more flexible business structure that adapts to the continuous oscillations in the increasingly demanding and competitive solar market.

Current challenges include an economic crisis, difficulties in access to financing, a lack of regulatory support in Europe, and competition from Asia, Isofoton says. The company exported 99% of its production as of the end of 2012.



IronRidge_id1414

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
Heilind_id1430
GoIndustry (UK) Limited_id1446
Ingeteam_id1433
PVcobra_id1394