The insolvency administrator for SolarWorld AG’s shares in Solarparc GmbH, Deutsche Lithium GmbH and SolarWorld Americas said it was focusing its efforts on finding buyers for these companies.
According to the insolvency administrator, Horst Piepenburg investors were being sought for the remaining subsidiaries not already sold to former founder and chairman of SolarWorld AG, Dr. Ing. Eh Frank Asbeck, which included manufacturing and R&D operations under the subsidiaries SolarWorld Industries Sachsen GmbH, SolarWorld Innovations GmbH as well as SolarWorld Industries Thüringen GmbH.
SolarWorld Americas, the US manufacturing and sales operations of bankrupt SolarWorld AG is the key outstanding asset up for grabs with production of high-efficiency P-type monocrystalline PERC (Passivated Emitter Rear Cell) technology in Hillsboro, Oregon. The Hillsboro plant had a nameplate capacity of 500MW for cells and modules.
SolarWorld Americas had sales of €405.7 million in 2016, accounting for 51% of total sales of SolarWorld AG, which reached €803 million last year.
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