A large section of the German solar industry has already shut down or been bought for pennies to the dollar by Asian conglomerates such as Hanergy, LDK Solar and others. The remaining companies are also on the brink of collapse as they are not competitive with the super cheap low prices being charged by Chinese […]

German Solar Industry did not benefit from EU’s anti-dumping imposition The German solar panel manufacturing industry is on its deathbed and nothing will revive it. The ~12% anti dumping duty imposed by EU on Chinese solar module imports will not help the industry. One of Germany’s biggest solar system integrators/installers SAG Solarstrom has said that […]

I recently wrote about the rising solar panel defects noticed in the solar industry.┬áThere have been recent incidents that talk about the faulty solar modules and their installation. It will not be incorrect to say that there has been a quality crisis in the $77 billion solar industry. Now Solarworld has urged the solar industry […]

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 […]

Solarworld Solarworld CEO Frank Asbeck has announced that he will stop taking his salary of half a million euros till his company returns to profitability again. Note Solarworld was the biggest solar panel manufacturers in the world till recently. However a change in industry paradigm, with a huge supply glut of cheap Chinese solar panels […]