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SunPower Concludes SolarWorld Asset Acquisition (M&A)
SunPower,SolarWorld
Date: 2018-10-05
San Jose, California-headquartered SunPower Corp. reports the conclusion of its acquisition of assets of Hillsboro, Oregon-based solar panel maker SolarWorld Americas. Details of the transaction have not been revealed.

SunPower plans to deploy P-Series -- Performance Series -- manufacturing equipment at the Hillsboro plant and expects to start product shipments no later than 1Q, 2019. Hillsboro plant upgrades could come in at as much as $15 million, according to a company statement. (Source: SunPower, Renewables, 2 Oct., 2018) Contact: SolarWorld, www.solarworld-usa.com; SunPower Corp., Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SolarWorld,  SunPower,  Solar,  


QSTec Assists SolarWorld's Insolvency Exit (Int'l)
Qatar Solar Technologies,SolarWorld Industries
Date: 2017-08-23
In Doha, Qatar Solar Technologies (QSTec) reports it has come to an arrangement which would see Bonn, Germany-based SolarWorld Industries emerge from insolvency and ensure the continuation of the company's solar PV module manufacturing business and the development of its proprietary technology and new products.

QSTec has an 8,000 metric tpy high quality, solar grade Polysilicon manufacturing facility in the Ras Laffan Industrial City (RLIC), Qatar that produces polysilicon for use in the world's most efficient solar technologies. The company has installed ground and rooftop PV installations at its RLIC site with a total installed capacity of 1.1 MW.

QSTec is a JV between Qatar Solar, a fully owned subsidiary of Qatar Foundation for Education, Science and Community Development, and the Qatar Development Bank. (Source: QSTec, SolarWorld Industries, TradeArabia News Service, 20 Aug., 2017)Contact: SolarWorld AG, Frank Asbeck, CEO, www.solarworld.de/en/home; Qatar Solar Technologies, www.qstec.com

More Low-Carbon Energy News SolarWorld Industries,  Solar,  


Sun Setting on SolarWorld AG with Insolvency Filing (Int'l)
SolarWorld
Date: 2017-05-15
Bonn, Germany-headquartered solar manufacturer SolarWorld AG is reporting its insolvency and has filed for bankruptcy court protection in Germany. The status of the company's U.S. subsidiary -- SolarWorld USA -- is unclear.

In a brief statement, the company blamed its trouble on "illegal price dumping" by Chinese producers, "ongoing price distortions" within the market and a "no longer positive forecast for the future." in the SolarWorld’s downfall. (Source: SolarWorld AG, Various Media, 10 May, 2017) Contact: SolarWorld AG, SolarWorld USA, (805) 482-6800, www.solarWorld-usa.com; SolarWorld AG, Frank Asbeck, CEO, www.solarworld.de/en/home

More Low-Carbon Energy News SolarWorld,  Solar,  


QSTec Manufacturing Polysilicon in Qatar (Int'l, Ind. Report)
Qatar Solar Technologies
Date: 2017-03-29
The Qatar-based polysilicon manufacturer Qatar Solar Technologies (QSTec) reports it has begun producing polysilicon at its factory in Doha. The facility's present 8,000 MT capacity will be expand it to 50,000 MT.

In 2014, QSTec acquired a 29 pct stake in German solar manufacturer SolarWorld AG, and in 2016 secured a 45 pct interest in Centrotherm. QSTec is a joint venture founded by Qatar Solar, a fully owned subsidiary of Qatar Foundation for Education, Science and Community Development, which owns 70 pct of the company, SolarWorld and the Qatar Development Bank. (Source: QSTec, Various Media, PV Mag, 27 Mar., 2017) Contact: QSTec, Dr. Khalid K. Al Hajri, CEO, www.qstec.com

More Low-Carbon Energy News Qatar Solar Technologies ,  Solar,  

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