It was the news that SolarWorld did not need, as the judge in the Hemlock vs SolarWorld contract dispute gave an initial ruling in favor of the U.S. polysilicon manufacturer. SolarWorld was immediately defiant in the face of the ruling, stating that it didn't believe that the case could be enforced in Europe and that the company would appeal if the final ruling goes against them anyway, but Sharma believes that the damage has already been done. "I think the damage has already been done due to the U.S. ruling, with bond holders, and anyone who is looking to provide finance to SolarWorld, regardless of whether the ruling has been done in Europe, it will make them very wary," Ash Sharma IHS Senior Research Director told pv magazine. "It's pretty damaging what's happening with the case. They've got €300 million in bonds due, which is probably going to be accelerated. They're going to struggle to get further loans or bonds elsewhere now, with this ruling against them, so they know they need to find a solution to this pretty soon." As was seen within the court documents that were released last week, the negotiations broke down after SolarWorld ...Den vollständigen Artikel lesen ...