Over the past few years, China has utterly dominated the global solar industry. Firms like Suntech, Trina, and Yingli have received hefty government subsidies to sell photovoltaic panels at bargain-bin prices and capture 80 percent of the global solar-manufacturing market. But now it looks like China is growing weary of providing cheap solar panels for… Read more »
Posts Tagged: solar
Taxpayer-backed solar firm faces layoffs, shakeup just months after opening
SoloPower, which makes thin-film solar panels at a new plant in Portland, Ore., opened Sept. 27 with an upbeat ribbon-cutting ceremony. Just a few months later, SoloPower’s future is on shaky ground. Source: FOXNews.com
Bankruptcy Filings Allege Abound Solar Aware of Defective Panels
Boris Horvat/AFP/Getty Images Recent filings by a customer of bankrupt solar panel manufacturer Abound Solar allege the company knew its panels were defective before the company collapsed last year, according to documents made public in the U.S. Bankruptcy Court in Delaware: Citing confidential documents, Green Choice Solar LLC says the Colorado-based Abound knew about two… Read more »
Bankrupt Abound Solar to Bury Unused Solar Panels in Cement
Newscom Colorado-based Abound Solar has been ordered to remove and bury in cement thousands of leftover solar panels “deemed unsellable” by the Colorado Department of Public Health and Environment (CDPHE). The company must also clean up other hazardous waste at a number of facilities statewide, according to the Northern Colorado Business Report (NCBR). The cleanup… Read more »