“SolarWorld: short-term solution from investor seems possible”

SolarWorld’s provisional insolvency administrator is in talks with a group of investors that may be interested in acquiring the company’s German manufacturing facilities in Freiberg and Arnstadt, according to a company press release, reports pv magazine. The acquisition would include only 450 workers employed at the two factories, while another 1,200 would be transferred to an Employment and Qualification Company (BQG). At the end of 2016, SolarWorld had 3,000 employees in Germany and the United States. Most of them, around 1,300, were working at the Freiberg factory, while another 750 were active at the Arnstadt facility and 250 were located in Bonn, writes pv magazine.

Read the article in English here and the SolarWorld press release in English here.

For background, read the CLEW article Last major German solar cell maker surrenders to Chinese competition.