Solarworld to Sell itself Solarworld is on the brink of collapse and is looking to sell itself. I have remained quite critical of Solarworld’s prospects in the past and had even said that CEO Asbeck will never get a salary. Solar manufacturing in western factories has become impossible due to the cut throat competition from [...]

Solarworld Solarworld, which is one of the largest European solar companies surviving the current downturn, is in a bad shape. The company faces a large debt load which it cannot repay because of continuing losses. Despite its leadership role in getting duties imposted on imports of Chinese solar panels, the company has not benefited as [...]

LDK Solar (NYSE:LDK) which used to be the biggest solar wafer producer has completely stopped production of polysilicon and sharply reduced shipments to preserve cash. The company is effectively bankrupt and surviving due the largesse of state owned Chinese banks which have given $3 billion in loans to the company. LDK has almost no chance [...]

European Solar Companies Solar Companies in Europe have been falling like nine pins for almost a year now and the carnage shows no sign of stopping. Though all solar panel companies are ailing, not all companies had thrown in the towel. The biggest failure till now was the bankruptcy of the erstwhile global no. 1 [...]

The whole solar panel industry has been in a tailspin as the massive solar glut takes toll of the whole industry. The industry downturn which started in 2011 has not stopped as solar panel prices have crashed to new all time lows with European demand pull in ending and inventories building up. While many of [...]

The CEO of the biggest solar cell company in the world JA Solar has said that he sees the current vicious industry downturn leading to 90% of all solar companies becoming extinct and a shortage in the market to hit the industry in 2014. However what he left unsaid was that JA Solar might itself [...]