The South Korean group will start construction of the factory, in Whitfield County, Georgia, this year, with completion slated for 2019
The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.
As what may be the first sign of many changes, the President and CEO who led SolarWorld through the Section 201 case is being replaced by a restructuring veteran.
The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.
The two biggest names in the solar trade fight will now be one company. SunPower will again be a U.S. manufacturer, and SolarWorld will begin producing P-Series modules.
Joint communication between the European Union and the U.S. reveals that Washington has not agreed with suggestions from Brussels that EU solar imports were not causing any serious injury and thus should be subjected to a less penalizing tariff.
The company, noting its substantial investment in U.S. research and development as well as tools, has further hinted that it may establish U.S. manufacturing for its P-Series modules.
The company’s latest restructuring will involve losing roughly 3% of its global workforce, all in “non-manufacuring” positions.
Solar PV makers seeking exemptions to Section 201 duties must make them by March 16, but there is no guarantee that any will be granted.
State Power Investment Corporation (SPIC) and GCL New Energy have taken the top spots for installed capacity, but Canadian Solar and First Solar are showing impressive pipelines.
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