Solar Panel Bankruptcies

Less than a month ago i wrote that more bankruptcies are coming to the solar industry in 2017 this week that prediction came true.

Solar panel bankruptcies.

Solyndra llc a solar company backed by 535 million in loan guarantees that filed for bankruptcy in 2011. As a solar shopper you may be concerned about the state of warranty coverage for your panels in the event that the solar company you are working with goes under. Solarworld industries gmbh formerly solarworld ag is a major player in the solar panel manufacturing space and the company has had a year full of change. Solarworld the european manufacturer of solar panels that had.

Filed for bankruptcy in april also citing stiff competition from chinese solar panel makers. This can lead to bankruptcy cases for solar companies who fall behind in the industry as seen recently with sungevity and solarworld. Germany s sag solarstrom ranked among the top ten. A buyer might try to bring crescent dunes back on line or its owner could sell it for parts.

Solarworld is only the latest bankrupt solar company to blame the chinese. A former facility for a colorado based solar panel maker that received a 400 million loan guarantee from the obama administration and eventually went bankrupt last year will cost millions to. Solyndra llc a solar panel maker that received 535 million in federal loan guarantees filed for bankruptcy the third u s. Here s an incomplete list of the solar firms that have left the building either by closure bankruptcy or fire sale acquisition.

Solar firm to succumb to pressure from chinese rivals in recent weeks. The company filed for bankruptcy on september 1 2011. 2009 to 2010 bankrupt closed acquired.