The solar death spiral has been long and ugly. Over the past year, there have been over a dozen stalwarts and startups that have headed to bankruptcy court. Here’s our chart:
The turning of the new year didn’t make the solar industry any easier for solar manufacturers. Power electronics maker, Satcon Technology, announced Wednesday that it’s laying off 35 percent of its workers and shutting down its factory in Canada.
Companies continue to bow out of the solar market in 2011. This week it’s BP Solar, which is shutting down, as well as Solar Mlillennium, which has filed for insolvency. Last week it was German solar panel company Solon, which also filed for insolvency.
A complaint accusing Chinese solar cell and module manufacturers of flooding the U.S. market with unfairly low-priced goods cleared a hurdle to move forward Friday with a 6-0 vote by the U.S. International Trade Commission.
A day after announcing an abrupt departure of its CEO, First Solar has some good news that is helping to stem the rapid dive of its stock: pretty good third quarter earnings.
Two and a half years ago we covered Canadian solar startup Sixtron Advanced Materials, which developed an anti-reflective coating system for solar cells. Fast forward to 2011, and Sixtron’s website is gone, its phones are discontinued and the company auctioned its assets off to pay creditors.
If Apple launched one of its gadgets with embedded solar cells, it could revolutionize the market for solar.
The solar factory shutdown trend continues with the announcement by Germany-based SolarWorld on Friday that it will shutter one of its factories in the United States to cut costs.
The tale of Evergreen Solar — which recently filed for bankruptcy — matters because the company fell victim to shifting forces that are redefining the solar industry. Adam Lesser, our GigaOM Pro Green IT curator, lays out the growing pains for the PV industry.
Low solar prices and global competition continue to rock solar manufacturers. On the heels of Evergreen Solar filing for bankruptcy on Monday, on Tuesday, German solar maker Solon announced that it will shutter a Tucson panel factory and cut 60 jobs.