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 […]

Big Chinese state owned companies are gobbling up financially strained Western solar firms as a massive overcapacity in global solar panel supply (caused by their brethren) drives them to bankruptcy. Note thin film startups like Ascent Solar, Heliovolt have already seen Asian companies taking a controlling equity stake. Now Chinese state owned companies which do […]

Greenvolts – CPV Company While bankruptcies of leading crystalline silicon and thin film companies like Solyndra, Q-Cells has received a lot of attention, the shutdown of CPV companies have received less press. Like other solar technologies, Concentrated PV has been getting murdered by the relentless cost cuts being made by leading silicon PV solar technology. […]

The story of Q-Cells comes to an End Q-Cells is the biggest solar failure in Europe as the company which was the global leader in 2008 failed to pay its creditors in 2012. Q-Cells which concentrated on producing crystalline silicon solar cells could not cope with Asian competitors who drastically cut prices and costs in […]

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 […]