Largest US Solar Panel Maker Files For Bankruptcy After Receiving $206 Million In Subsidies
LISTEN TO TLR’S LATEST PODCAST: By Michael Bastasch The company once hailed as Europe’s largest solar panel producer filed for bankruptcy Wednesday, blaming cheap Chinese panels for flooding the market. “The ongoing price erosion and the development of the business” has left the company “over-indebted and thus obliged to file for insolvency proceedings,” SolarWorld, which…