SolarWorld AG (SWVKk.DE)
26 May 2017
FRANKFURT Europe's embattled solar power industry has been dealt a fresh blow, with cut-price competition from China driving Germany's SolarWorld into insolvency and wiping out quarterly profits at SMA Solar . | Video
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FRANKFURT Germany's SolarWorld , once Europe's biggest solar power equipment group, said on Wednesday it would file for insolvency, overwhelmed by Chinese rivals who had long been a thorn in the side of founder and CEO Frank Asbeck, once known as "the Sun King".
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FRANKFURT, May 10 Germany's Solarworld has filed for insolvency proceedings, defeated by Chinese competition which has flooded the market with cheap solar panels.
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Feb 10 Solarworld said on Friday it would cut 12 percent of its workforce after reporting a bigger operating loss for last year.