SolarWorld AG Files For Insolvency (Updated)

SolarWorld insolvency

UPDATE: October 16.  In August, an agreement was signed for the purchase and transfer of SolarWorld AG, SolarWorld Industries Sachsen GmbH, SolarWorld Innovations GmbH and SolarWorld Industries Thüringen GmbH by SolarWorld Industries GmbH. In Australia, we call it ‘phoenixing’ when a company files for insolvency and then gets bought out by a new company with an almost identical name. It is not clear what debts will be passed on to the new entity.

As for SolarWorld Americas, according to an article last month on PV-Tech, SolarWorld Americas “is in discussions” with several interested parties regarding its future sale.

German solar panel manufacturer SolarWorld AG says it will file for insolvency proceedings – an uncertain future awaits the 3,300 people employed worldwide by the company.

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Solar Panels Vs. Nature – Hail

Solar power at NREL

In a fight between a fierce hail storm and a bunch of solar panels, who would win? | Image: Google Maps

A National Renewable Energy Laboratory (NREL) facility in Golden, Colorado was witness to an unscheduled test provided by Mother Nature of large hailstones pummeling its solar panels.

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Solar Frontier Panels On Shell HQ In Thailand

Solar power system - Shell, Thailand

Solar power systems – Shell, Thailand

CIS solar panel manufacturer Solar Frontier has announced the completion of a PV system installation project atop two buildings at Shell’s headquarters in Thailand.

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Federal Budget Confirms Cash For Solar Thermal In Port Augusta

Solar thermal power station - Port Augusta

Port Augusta solar thermal power station rendering – SolarReserve

There will be many happy folks in the South Australian city of Port Augusta this morning after last night’s Budget confirmed investment support for a solar thermal power station project.

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Buffett’s Big Appetite For Solar Power

Warren Buffet - Solar Power

Warren Buffet’s Hungry For Solar – Coal, Not So Much | Image : Public Domain

Multi-billionaire Warren Buffett is looking to splash more cash on wind energy and solar power projects – billions of dollars he says. As for coal, he’s less than bullish.

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SolarQuotes Reaches Major Milestone

300,000 PV Quotes

May 9, 2017 – Adelaide, Australia. On Saturday evening, the quote counter on popular Australian solar power resources site SolarQuotes ticked over to reach 300,000.

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Turning Air Pollution Into An Energy Source With Solar

Power from pollution with solar energy

From Filthy Air To Fuel | Image: University of Antwerp

Researchers are developing a solar powered device that cleans up polluted air and in the process, creates a renewable fuel – hydrogen.

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Tamworth Regional Council To Vote On More Solar

Solar power - Tamworth Council

Solar panels proposed for Council HQ – Image: Public Domain

Tamworth Regional Council is considering a $248,000 solar energy and LED project that will reportedly save it  $84,000 a year on electricity bills.

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Trina Solar Sets New IBC Monocrystalline Cell Efficiency Record

PV cell efficiency record - Trina Solar

Yet Another Record For Trina Solar

Trina Solar has announced it has set a new record of 24.13% total-area efficiency for a large-area n-type mono-crystalline silicon Interdigitated Back Contact (IBC) solar cell.

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Climate Council : 50% Renewables By 2030, End Fossil Fuel Subsidies

End fossil fuel subsidies

No Subsidies For You – Climate Council | Image:  CSIRO, CC BY 3.0, Link

The Climate Council’s submission to the Federal Government’s 2017 Climate Policy Review recommends a national transition plan for Australia’s electricity system that will result in at least 50% renewables by 2030.

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