Last week news that SolarWorld AG, the parent company of SolarWorld Americas, filed for bankruptcy. However, the US subsidiary, based in Hillsboro, OR, is operating as usual. The company said it is maintaining full operations act the facility.
“We deeply appreciate the ongoing support of our loyal customers in the Americas at this tumultuous time for the solar industry,” said Juergen Stein, US president of SolarWorld. “Together, we are striving to maintain our leadership role in the US solar manufacturing industry for years to come.”
While German-based SolarWorld AG has filed for insolvency there, SolarWolrd Americas explained that it is continuing to implement efficiencies and is working with external partners in an attempt “to position the company for stabilization and a continued competitive position in the marketplace.”
The companies have faced increased pressure from solar panels and materials from China and other Asian countries. Currently SolarWorld is among one of the top vendors for solar panels in the long-tail installer market in the US but top installers, according to GTM Research’s Module Procurement Trends in the U.S. Residential Market, mostly use solar panels from REC (Norwegian), Trina (Chinese) and Kyocera Solar (Japanese).
Chinese solar manufacturers have been able to sell solar panels at costs below market value, according to some manufacturers and organizations that have seeked to impose tariffs and fees on Chinese solar panels in the US and China. However, such actions raise the cost of solar power for everyone and make it less likely for people, businesses and utilities to install them. That makes such actions deeply unpopular.Tweet