{"id":20413,"date":"2018-03-29T07:28:25","date_gmt":"2018-03-28T20:58:25","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=20413"},"modified":"2018-03-29T07:28:25","modified_gmt":"2018-03-28T20:58:25","slug":"solarworld-industries-bankruptcy-mb0524","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/","title":{"rendered":"Germany&#8217;s SolarWorld Starts Bankruptcy Proceedings (Again)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-20414\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solarworld-bankruptcy.png\" alt=\"Germany's SolarWorld - Bankruptcy\" width=\"636\" height=\"443\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solarworld-bankruptcy.png 636w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solarworld-bankruptcy-300x209.png 300w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><\/p>\n<p>Just months after Germany&#8217;s SolarWorld AG was resurrected as SolarWorld Industries GmbH, the new company has filed for bankruptcy.<!--more--><\/p>\n<p>The <a href=\"https:\/\/www.insolvenzbekanntmachungen.de\/cgi-bin\/bl_aufruf.pl?PHPSESSID=71f2adf67635a2589b45b982a05b0f11&amp;datei=gerichte\/nw\/agbonn\/18\/0099_IN00048_18\/2018_03_27__16_20_56_Anordnung_Sicherungsmassnahmen.htm\" target=\"_blank\" rel=\"noopener\">notice of bankruptcy proceedings<\/a> was filed on the 27th of March (local time).<\/p>\n<p>Germany&#8217;s public international broadcaster, Deutsche Welle, <a href=\"http:\/\/www.dw.com\/en\/germanys-solarworld-files-for-bankruptcy-again\/a-43166235\" target=\"_blank\" rel=\"noopener\">reports<\/a> the company cited a drop in revenues due to falling prices of solar panels as a reason for the move.<\/p>\n<p><a href=\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-insolvency-mb0033\/\">In May last year<\/a>, SolarWorld AG announced it would file for insolvency proceedings. Then in in August, an agreement was inked for the purchase and transfer of SolarWorld AG, SolarWorld Industries Sachsen GmbH, SolarWorld Innovations GmbH and SolarWorld Industries Th\u00fcringen GmbH by a new company, SolarWorld Industries GmbH.<\/p>\n<p>The founder and managing director of SolarWorld Industries GmbH is Dr. Frank Asbeck, who was also founder and CEO of SolarWorld AG. This time around, Dr. Asbeck was joined by other investors, including the Qatar Foundation.<\/p>\n<p>SolarWorld Americas was not a part of that deal and is currently doing its own thing.<\/p>\n<p>The SolarWorld saga to that point makes for an interesting read &#8211; SQ&#8217;s Ronald covered it in <a href=\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-ag-is-dead\/\">more detail here<\/a>.<\/p>\n<p>SolarWorld recently added its name to the <a href=\"https:\/\/www.solarquotes.com.au\/blog\/trump-solar-tariff-exclusions-mb0515\/\">list of solar panel manufacturers<\/a> lining up for an exclusion from U.S. punitive duties on imported modules and cells. This raised a few eyebrows as the Solar Products Safeguard Measure was the end result of a petition joined by SolarWorld Americas, Inc. &#8211;\u00a0 at that point a subsidiary of SolarWorld AG &#8211; for duties to be put in place.<\/p>\n<p>SolarWorld has also been battling increasing headwinds at home created by cheaper imports. In September last year, the EU announced it would implement a progressive reduction in the minimum prices Chinese solar panel makers could sell their wares for in Europe, which was to occur in three stages; the first on October 1, 2017 and the last on July 1 this year.<\/p>\n<p>&#8220;With this, the company is reacting, among other things, on further decreased market prices and European Commission\u2019s intention to terminate measures against dumped solar imports from China,\u201d SolarWorld Industries is <a href=\"https:\/\/www.pv-magazine.com\/2018\/03\/28\/solarworld-files-for-insolvency-again\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> to have stated.<\/p>\n<p>Will SolarWorld again rise like a phoenix from the ashes of &#8230;SolarWorld? Stay tuned.<\/p>\n<p>PV Tech <a href=\"https:\/\/www.pv-tech.org\/news\/solarworld-heads-back-into-insolvency\" target=\"_blank\" rel=\"noopener\">reports<\/a> provisional insolvency administrator, Dr. Christoph Niering from <a href=\"http:\/\/www.nst-inso.com\/\">Niering Stock T\u00f6mp Rechtsanw\u00e4lte<\/a>, says an attempt will be made to find a working solution to keep SolarWorld Industries&#8217; business and production facilities operating.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just months after Germany&#8217;s SolarWorld AG was resurrected as SolarWorld Industries GmbH, the new company has filed for bankruptcy.<\/p>\n","protected":false},"author":17,"featured_media":20414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-20413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Germany&#039;s SolarWorld Starts Bankruptcy Proceedings (Again)<\/title>\n<meta name=\"description\" content=\"Just months after Germany&#039;s SolarWorld AG was resurrected as SolarWorld Industries GmbH, the new company has filed for bankruptcy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany&#039;s SolarWorld Starts Bankruptcy Proceedings (Again)\" \/>\n<meta property=\"og:description\" content=\"Just months after Germany&#039;s SolarWorld AG was resurrected as SolarWorld Industries GmbH, the new company has filed for bankruptcy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-28T20:58:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solarworld-bankruptcy.png\" \/>\n\t<meta property=\"og:image:width\" content=\"636\" \/>\n\t<meta property=\"og:image:height\" content=\"443\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Germany&#8217;s SolarWorld Starts Bankruptcy Proceedings (Again)\",\"datePublished\":\"2018-03-28T20:58:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/\"},\"wordCount\":402,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solarworld-industries-bankruptcy-mb0524\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solarworld-bankruptcy.png\",\"articleSection\":[\"General Solar &amp; 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He's been reporting on Australian and international solar energy news ever since.","url":"https:\/\/www.solarquotes.com.au\/blog\/author\/michael\/"}]}},"jetpack_featured_media_url":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/solarworld-bankruptcy.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2FF2s-5jf","jetpack-related-posts":[{"id":20890,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-solarworld-americas-mb0551\/","url_meta":{"origin":20413,"position":0},"title":"SunPower Buying SolarWorld (Americas)","author":"Michael Bloch","date":"April 19, 2018","format":false,"excerpt":"SunPower has announced it will be acquiring 100 percent of SolarWorld Americas. The purchase price was not disclosed and the deal is subject to regulatory approvals and other closing conditions. \"The time is right for SunPower to invest in U.S. manufacturing, and SolarWorld Americas provides a great platform for us\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower SolarWorld Americas acquisition","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/sunpower-solarworld-acquisition.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/sunpower-solarworld-acquisition.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/sunpower-solarworld-acquisition.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/sunpower-solarworld-acquisition.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":16847,"url":"https:\/\/www.solarquotes.com.au\/blog\/solarworld-ag-is-dead\/","url_meta":{"origin":20413,"position":1},"title":"SolarWorld AG Is Dead &#8212; Long Live SolarWorld Industries GmbH","author":"Ronald Brakels","date":"November 22, 2017","format":false,"excerpt":"Those of you who have German made SolarWorld panels on your roofs or are thinking of getting some, may be wondering about what's happened with the company since they filed for bankruptcy in May this year. Well, SolarWorld AG, consisting of SolarWorld in Europe and its shares in subsidiaries in\u2026","rel":"","context":"In &quot;Solar Panels&quot;","block_context":{"text":"Solar Panels","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-panels-2\/"},"img":{"alt_text":"solarworld phoenix","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solarworld-phoenix.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solarworld-phoenix.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solarworld-phoenix.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solarworld-phoenix.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solarworld-phoenix.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solarworld-phoenix.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":11237,"url":"https:\/\/www.solarquotes.com.au\/blog\/solarworld-insolvency-mb0033\/","url_meta":{"origin":20413,"position":2},"title":"SolarWorld AG Files For Insolvency (Updated)","author":"Michael Bloch","date":"May 11, 2017","format":false,"excerpt":"UPDATE: October 16.\u00a0 In August, an agreement was signed for the purchase and transfer of SolarWorld AG, SolarWorld Industries Sachsen GmbH, SolarWorld Innovations GmbH and SolarWorld Industries Th\u00fcringen GmbH by SolarWorld Industries GmbH. In Australia, we call it 'phoenixing' when a company files for insolvency and then gets bought out\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarWorld insolvency","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/05\/solarworld-insolvency.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/05\/solarworld-insolvency.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/05\/solarworld-insolvency.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12521,"url":"https:\/\/www.solarquotes.com.au\/blog\/usa-solar-employment-threat-mb0084\/","url_meta":{"origin":20413,"position":3},"title":"88,000 US Solar Jobs Threatened By Trade Case","author":"Michael Bloch","date":"June 19, 2017","format":false,"excerpt":"If a petition made by a declared bankrupt US solar company is successful, tens of thousands of jobs may be lost says the Solar Energy Industries Association (SEIA). Suniva, Inc. filed a petition with the U.S. International Trade Commission (ITC) in April this year requesting the US government level punitive\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar employment in the USA","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/usa-solar-jobs.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/usa-solar-jobs.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/usa-solar-jobs.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/06\/usa-solar-jobs.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":20212,"url":"https:\/\/www.solarquotes.com.au\/blog\/trump-solar-tariff-exclusions-mb0515\/","url_meta":{"origin":20413,"position":4},"title":"Panel Manufacturers Line Up  For Trump Solar Tariff Exclusions","author":"Michael Bloch","date":"March 22, 2018","format":false,"excerpt":"Some of the biggest names in the solar panel manufacturing industry have filed requests to be excluded from U.S. punitive duties on imported modules and cells - and one applicant may raise a few eyebrows. In January this year, U.S. President Donald Trump gave the go-ahead for punitive tariffs of\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Trump Solar Tariffs - Solar Products Safeguard Measure","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/trump-solar-tariff.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/trump-solar-tariff.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/trump-solar-tariff.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/trump-solar-tariff.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":15292,"url":"https:\/\/www.solarquotes.com.au\/blog\/itc-solar-trade-case-mb0220\/","url_meta":{"origin":20413,"position":5},"title":"An Uncertain Future For The US Solar Industry","author":"Michael Bloch","date":"September 25, 2017","format":false,"excerpt":"The USA's solar sector is in for a nervous wait after a decision from the International Trade Commission that some imported solar cells and panels pose a threat to the nation's domestic manufacturing industry. On Friday, the ITC announced it had determined the level of cells being imported into the\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"ITC solar trade case","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/itc-solar-trade-case.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/itc-solar-trade-case.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/itc-solar-trade-case.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/itc-solar-trade-case.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/20413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=20413"}],"version-history":[{"count":1,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/20413\/revisions"}],"predecessor-version":[{"id":20416,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/20413\/revisions\/20416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/20414"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=20413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=20413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=20413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}