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. [...]