SolarWorld

SolarWorld is a German company dedicated to the manufacture and marketing of photovoltaic products worldwide by integrating all components of the solar value chain, from feedstock (polysilicon) to module production, from trade with solar panels to the promotion and construction of turn-key solar power systems. The group controls the development of solar power technologies at all levels in-house. SolarWorld AG is listed on the Frankfurt Stock Exchange, the Photovoltaik Global 30 Index and the ÖkoDAX. In May 2017, wholly owned subsidiary SolarWorld Americas, based in Oregon, US, joined fellow American solar panel manufacturer Suniva in its Section 201 trade action to request relief from what it claimed are unfair practices from solar panel importers to the United States. The requested remedy was a tariff on imported solar panels. FirstSolar, the largest US solar panel manufacturer, joined the action on October 10, 2017, while the Solar Energy Industry Association (the major American solar trade association) was leading the opposition to the tariff requests. The company filed for insolvency of its German subsidiaries alone in May 2017. While subsidiary SolarWorld America was not itself insolvent, it subsequently was put up for sale or other action to help resolve the debts of the German parent company. It was eventually purchased by SunPower Corporation in April 2018. In the beginning of August 2017, leaving all liabilities behind, all the assets alone were acquired by the original Founder of SolarWorld Ag, Frank Asbeck along with Qatar Solar Technologies (QSTec) to form SolarWorld Industries GmbH, thus becoming completely debt-free and the only Solar Manufacturer in the world with zero-debt and zero liability. According to the Press Release issued by SolarWorld Industries GmbH, it will now have just 500 employees, drastically down from earlier, thus cutting costs. According to the company, the company will continue its transition...