Products from the Energy and Power Technology, Automotive Technology, and Teardowns & Cost Benchmarking can be found on this website. For products comprising the rest of the IHS Markit Technology portfolio, please visit For access to updated Automotive content please visit The Energy and Power Technology content migrates to from October 28th. Note: you will need to log in again when navigating between these websites.

Market Insight

SolarWorld Germany files for insolvency, Americas subsidiary continues operations pending outcome of Suniva trade case

May 19, 2017  | Subscribers Only

Want to learn more?
Have an expert contact you.

Key Findings

  • SolarWorld AG, one of the pioneers in the PV industry, and its German-based subsidiaries entered bankruptcy proceedings on 10th May 2017 after years of severe financial difficulties.
  • A major factor in SolarWorld’s insolvency has been its higher production costs when compared to other Tier 1 best-in-class cost producers.
  • Initiated by a petition filed by SolarWorld, the European Union imposed a MIP (minimum imported price) on Chinese and Taiwanese imports in 2013, under dumping allegations. This tariff seems to have been ineffective to protect European module production at a time of manufacturing globalization and sharp cost reductions.
  • The recent request from Suniva to impose additional barriers to non-US manufactured cells imported into the United States, has some parallels with SolarWorld’s European petition four years ago, and opens a new opportunity for survival for SolarWorld US if the request is the requested action is finally taken in the fourth quarter of 2017.
  • There have already been several solar bankruptcies in 2017 and IHS Markit notes that more companies will be threatened by financial difficulties. In a highly commoditized market, opportunities will favor companies with stronger balance sheets

Please login to read the full IHS Markit analysis of this announcement.

Research by Market
Power & Energy Technology
Share facebook Twitter Google Plus Linked In Add This Contact Us