{"id":20890,"date":"2018-04-19T07:34:22","date_gmt":"2018-04-18T21:04:22","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=20890"},"modified":"2018-04-19T07:37:13","modified_gmt":"2018-04-18T21:07:13","slug":"sunpower-solarworld-americas-mb0551","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-solarworld-americas-mb0551\/","title":{"rendered":"SunPower Buying SolarWorld (Americas)"},"content":{"rendered":"

\"SunPower<\/h2>\n

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.<\/p>\n

“The time is right for SunPower to invest in U.S. manufacturing, and SolarWorld Americas provides a great platform for us to implement our advanced P-Series solar panel manufacturing technology right here in our home market,” said<\/a> SunPower CEO and board chairman, Tom Werner.<\/p><\/blockquote>\n

SunPower says it will invest in factory improvements and boost working capital, while retrofitting part of SolarWorld Americas’ manufacturing facility to produce P-Series solar panels.<\/p>\n

Sunpower<\/a> P-Series technology has been available in Australia since last year – SQ’s Ronald has written about it here<\/a>.<\/p>\n

SolarWorld Americas was cut loose from its German parent company and has been looking for a buyer for a while. CEO of SolarWorld Americas J\u00fcrgen Stein said the acquisition by SunPower was ideal for the company.<\/p>\n

” Our hundreds of long-time employees are excited to be part of this next chapter in SolarWorld Americas’ long history,” said Mr. Stein. “We are thrilled about this acquisition as it means quite simply, that our company can look forward to redoubled strength as it continues to innovate and expand into the future.”<\/p><\/blockquote>\n

It’s an interesting twist. SolarWorld Americas was one of the companies involved with petitioning the U.S. Government for the introduction of punitive duties<\/a> on imported solar panels and cells. The solar safeguard tariffs negatively impacted SunPower<\/a> – while the company’s headquarters is in the USA, its manufacturing capacity is in Malaysia, the Philippines, Mexico and China.<\/p>\n

Sunpower, one among a veritable who’s who list of solar panel manufacturers, sought an exclusion<\/a> from the “Trump Solar Tariffs<\/a>” in February.<\/p>\n

What About The Other SolarWorld (The German One)?<\/h2>\n

In March we reported just months after Germany\u2019s SolarWorld AG ran into major trouble<\/a> and then was resurrected as SolarWorld Industries GmbH, the new company had filed for bankruptcy<\/a>. More on the saga leading up to this point can be viewed here<\/a>.<\/p>\n

Just over a week ago, the company said it had resumed production of SolarWorld solar panels<\/a> at both its German locations.<\/p>\n

Dr. Christoph Niering, provisional insolvency administrator at SolarWorld Industries, said<\/a> it was important to restart production and he was pleased by how many customers remained loyal to the company.<\/p>\n

According to Dr. Niering, there have already been “a number” of potential investors sniffing around the company.<\/p>\n

So, like the phoenix it has proven to be, it may arise from the ashes again – and a little faster than the mythological bird that only does so every 500 years (or 540, 1000 or 1460 years – depending on who you ask).<\/p>\n

The SolarWorld Germany vs. USA situation could make for some interesting branding issues going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"

SunPower has announced it will be acquiring 100 percent of SolarWorld Americas. 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When SunPower unveiled plans in 2019\u00a0\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower Hillsboro solar manufacturing closure","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":20212,"url":"https:\/\/www.solarquotes.com.au\/blog\/trump-solar-tariff-exclusions-mb0515\/","url_meta":{"origin":20890,"position":1},"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 "General Solar & Storage News"","block_context":{"text":"General Solar & 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":24391,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-solar-tariff-exclusion-mb0753\/","url_meta":{"origin":20890,"position":2},"title":"SunPower’s Reprieve From Trump’s Solar Tariffs","author":"Michael Bloch","date":"September 20, 2018","format":false,"excerpt":"It was a happy day at SunPower HQ yesterday after the company's solar panels were granted an exclusion from Trump's solar tariffs, dodging what has been a taxing situation for SunPower both figuratively and literally. In January 2018, U.S. President Donald Trump gave the green light to punitive tariffs of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower solar panel tariff exclusion","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/sunpower-solar-tariff-exclusion.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/sunpower-solar-tariff-exclusion.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/sunpower-solar-tariff-exclusion.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/sunpower-solar-tariff-exclusion.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":34909,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-maxeon-split-mb1290\/","url_meta":{"origin":20890,"position":3},"title":"Big Changes At SunPower","author":"Michael Bloch","date":"November 13, 2019","format":false,"excerpt":"SunPower has announced it will spin off much of its solar panel manufacturing into a new company - Maxeon Solar Technologies. After the split, SunPower will primarily focus on product innovation, solar system installations, plus high-growth storage and energy services. SunPower's Q3 2019 results noted record residential and new homes\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower - Maxeon Solar Technologies","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/sunpower-maxeon.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/sunpower-maxeon.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/sunpower-maxeon.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/sunpower-maxeon.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/sunpower-maxeon.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":19379,"url":"https:\/\/www.solarquotes.com.au\/blog\/trump-tariffs-solar-sunpower-mb0471\/","url_meta":{"origin":20890,"position":4},"title":"Trump Solar Tariffs A Taxing Situation For SunPower","author":"Michael Bloch","date":"February 21, 2018","format":false,"excerpt":"SunPower's president and CEO isn't particularly happy with the Trump Administration's recent attempt to help \"Make America Great Again\" through punitive duties on imported cells and solar panels. In comments accompanying SunPower's fourth quarter and FY 2017 results, Tom Werner said the firm was feeling the effects of President Donald\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sunpower and Trump's solar tariffs","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trump-solar-sunpower.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trump-solar-sunpower.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trump-solar-sunpower.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trump-solar-sunpower.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":11237,"url":"https:\/\/www.solarquotes.com.au\/blog\/solarworld-insolvency-mb0033\/","url_meta":{"origin":20890,"position":5},"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 "General Solar & Storage News"","block_context":{"text":"General Solar & 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":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/20890","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=20890"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/20890\/revisions"}],"predecessor-version":[{"id":20895,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/20890\/revisions\/20895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/20891"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=20890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=20890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=20890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}