SolarWorld Americas Inc. maintains full operations amid Parent’s Insolvency
After the insolvency of the German SolarWorld AG the American daughter SolarWorld Americas Inc. announces: „SolarWorld Americas Inc., based in Hillsboro, Ore., is operating as usual and maintaining full operations as it produces and sells its market-leading solar technology.“
Parent company SolarWorld AG and its German subsidiaries are undertaking insolvency proceedings in Germany. However, SolarWorld Americas, the largest U.S. crystalline-silicon solar manufacturer for more than 42 years, is continuing to implement efficiencies and working with external partners to position the company for stabilization and a continued competitive position in the marketplace.
“We deeply appreciate the ongoing support of our loyal customers in the Americas at this tumultuous time for the solar industry,” said Juergen Stein, U.S. president of SolarWorld. “Together, we are striving to maintain our leadership role in the U.S. solar manufacturing industry for years to come.”