Suniva Solar Panels Bankruptcy

Suniva has filed voluntarily for chapter 11 bankruptcy two weeks after laying off 131 employees without notice and closing its 200 mw module factory in michigan.

Suniva solar panels bankruptcy.

Shortly after the georgia based solar manufacturer filed a section 201 trade case seeking relief from destructive foreign trade. But suniva is not. Norcross georgia based suniva filed for chapter 11 bankruptcy in april 2017. Suniva was founded by georgia tech s ajeet rohatgi and for awhile was a rising star with its high efficiency solar panels.

Georgia based panel manufacturer suniva which also had a plant in michigan but was chinese owned declared bankruptcy in april and then filed a section 201 petition with the itc. In early may shortly after suniva announced its bankruptcy the company sent a letter to the china chamber of commerce for import export of machinery electronic products according to bloomberg. Pv cell and module maker suniva. But the company filed for bankruptcy protection in april 2017 unable to.

Yesterday the latest company fell victim to a global environment of oversupply and unsustainably low prices. Days later it filed a request for tariff relief to help it compete against inexpensive solar panel imports. The bankruptcy by suniva one of the nation s largest solar cell makers comes only weeks after the company laid off most of its workers at its gwinnett county headquarters and manufacturing plant. Suniva the chinese owned us based solar manufacturer which instigated the section 201 trade case that led to the imposition of 30 tariffs on all imported solar cells and modules has been.

Suniva filed for chapter 11 bankruptcy protection last april. Todd duncan suniva the norcross based builder of solar cells and modules has filed for voluntary chapter 11 bankruptcy according to documents filed with the u s.