SolarWorld Americas to receive $6 million in cash to lift U.S. operations

By Kelly Pickerel SolarWorld Americas, the largest U.S. crystalline-silicon solar manufacturer for more than 42 years, announced that it expects a double-digit-million-dollar infusion of cash to enable the company to stabilize and optimize operations through 2017 and beyond.
Lenders of SolarWorld have agreed immediately to forward $6 million in cash to the U.S. company, said Juergen Stein, president of SolarWorld Americas. Stein said the lenders also will permit SolarWorld to sell assets not required for operations and put the proceeds to use in funding operations. In the near term, the company expects such a sale to result in a total, combined cash

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