restructuring

Maxeon has reached an agreement-in-principle for the sale of Maxeon's EMEA, APAC and LATAM sales and marketing organisation to TCL Technology Group, the parent company of Maxeon’s majority shareholder, TCL Group.

Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.

The accelerated ramp out of Maxeon 6 module capacity has resulted in higher than initially planned restructuring costs during the fourth quarter of 2023.

Risen’s president Sun Yuemao sat down with PV Tech to discuss a range of topics, including structural changes in the company, supply chain strategies and new cell technologies

Having topped solar module manufacturer shipments in 2013, Yingli’s next five years were typified by falling revenues and increasing debt. Now, with a complex restructuring underway, Yingli has plans to reach the top again. PV Tech gets inclusive insight into how that restructure is taking shape.

Struggling PV module manufacturer Yingli Green Energy said that its main manufacturing and sales subsidiary has entered court-appointed administration to restructure its debt obligations.

PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.

Equis clarified that it is restructuring its entire portfolio, with assets in single countries not up for grabs separately.

Beleaguered Spanish renewables firm Abengoa has received US court approval to exit its Chapter 11 bankruptcy, according to court records filed on Wednesday.