Solar Module Maker SolarWorld Files for Insolvency

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.

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