SolarWorld is a solar power technology company based in Germany. Co. engages in the photovoltaic power generation business worldwide. Co.'s operations involve the research, development, production, and recycling along the entire solar value chain, from silicon via crystallization, wafer, cell,... More
Tuesday, Nov 2612:41 PMSolarWorld to acquire Bosch Solar Energy ops
Tuesday, Nov 2612:41 PM| Comment!
- SolarWorld (SRWRY) will acquire Bosch Solar Energy, the solar cell and module manufacturing ops of Bosch, including the cell and manufacturing in Arnstadt, Germany. The solar ops have ~800 employees and a combined capacity of ~900MW.
- The acquisition will boost SolarWorld's annual production to over 1GW, making it the largest solar producer outside of China according to the company. The acquisition expected to be completed in Feb.
- The industry has struggled amid a deluge of supply from Chinese manufacturers, which caused Bosch to start shopping the business in March after it had bled €2.4B in losses since its creation in 2008. SolarWorld itself is undergoing a major restructuring that could see Qatar's investment authority take a 29% stake in the group, Reuters reports.
Wednesday, Oct 192011, 8:29 PMA group of U.S. solar panel manufacturers file formal trade complaints with the U.S. Commerce Department against China, alleging massive illegal subsidies. In a statement, the newly-formed Coalition for American Solar Manufacturing says “Artificially low-priced solar products from China are crippling the domestic industry.” |Wednesday, Oct 192011, 8:29 PM| 16 Comments
Wednesday, Sep 212011, 10:49 AMAs solar panel prices continue to tumble, and help take down solar stocks in the process, the CEO of Germany's SolarWorld (SRWRY.PK) is decrying Chinese competition as unfair, claiming massive government loan guarantees have triggered a price war. Of course, SolarWorld has applied for some government loans of its own. |Wednesday, Sep 212011, 10:49 AM| 1 Comment