Today’s topics include the news that Sunpower is going to buy SolarWorld and how that will affect Sunpower’s influence in the global solar industry. Hint: it has to do with the solar tariffs. We’ll also delve into the “utility of the future” and discuss some interesting news about a new law in Hawaii that will force utilities to completely change their business models going forward.
SolarWorld Americas Inc., one of two U.S. solar manufacturers asking President Donald Trump for tariffs on imported panels, says the move could revive a struggling industry. It may also boost the company’s value ahead of a potential sale. [...]
SolarWorld AG’s U.S. unit joined a trade case asking the federal government to impose duties on low-cost imports that have fueled a nationwide boom in solar installations.
The company, which filed a separate trade complaint that led to U.S. tariffs on Chinese panels in 2012, become a co-petitioner Thursday in Suniva Inc.’s case before the U.S. International Trade Commission. Suniva, a bankrupt Georgia manufacturer, initiated the complaint in April, saying it’s impossible to [...]
Amidst harsh price wars in the solar module maker space, Germany-based SolarWorld AG said in a statement that the company is bankrupt. The company statement said that “ongoing price erosion” and mounting debts have resulted in a negative prognosis for the company and that the board members will immediately file for insolvency.
It is unclear what will happen to the company’s affiliates, including the US-based operation based in Oregon. [...]