List of failed solar companies 2017

Are any Chinese solar companies closing down?

There's a list of relatively unknown Chinese solar companies that have closed down, gone bankrupt, or been acquired through fire sales. Here are some of the solar firms that have left the building: If we missed a firm, please, dear reader, let us know, and we'll amend the list.

Are solar companies going bankrupt?

Already, 2017 has been a big year for solar companies filing for bankruptcy with a number of them going under in the last few months. The trend is not expected to improve for the rest of the year.

Which solar companies have gone insolvent?

One more solar company, Concentrator Optics, has gone insolvent. The firm had received investment from Capricorn Venture Partners to build Fresnel lenses for the CPV market. It may be an interesting case to consider when approaching a VC firm with a similar pitch today.

Are large solar installers in financial trouble?

The failure of Verengo, Sungevity, and potentially Spruce Solar indicates that financing is no longer as readily available as it once was. Large installers may not be pricing solar systems competitively, putting them at risk for long-term financial trouble.

What happens if a solar company shuts down?

Customers amid warranty or service agreements may find themselves without support. The reduction in active contractors could lead to less competition, potentially impacting pricing and service quality in the short term. These closures could temporarily slow down the rate of new solar installations.

Why do Solar Contractors rely on borrowed capital?

: Solar contractors typically rely on borrowed capital to finance their operations and projects. The rise in interest rates significantly increased their cost of capital. This surge in working capital costs strained their financial resources, leading to cash flow issues and, for some, insolvency.