US producer Toledo Solar closes enterprise – pv journal International

From pv journal USA

Ohio-based Toledo Solar, a maker of cadmium telluride thin-film photo voltaic panels, mentioned it will finish all analysis and improvement efforts and stop operations, efficient instantly.

“Unfortunately, now we have not been capable of license among the expertise wanted to fabricate the cadmium telluride panels we’re growing for the residential, industrial and industrial markets we’re focusing on,” mentioned Tom Pratt, interim president, treasurer, and secretary. in Toledo Solar.

Toledo has a 100 MW manufacturing line of modules for residential, industrial, and neighborhood photo voltaic tasks.

Cadmium telluride thin-film photo voltaic panel provider First Solar filed a lawsuit in opposition to Toledo Solar in 2023, which led to the closure of the enterprise. It alleged that Toledo Solar was promoting Malaysian-made First Solar modules underneath the identify Toledo, claiming they had been made in America.

The firms settled from the lawsuit, and the chief govt officer of Toledo Solar exited the corporate. Pratt and his crew at Applied Business Strategy LLC joined the Toledo crew following the CEO’s exit.

“When we realized we did not have entry to the suitable expertise, we moved to a distinct enterprise mannequin, however the obstacles to success had been decided to be too excessive. In the top, the Toledo Solar Board decided that there was no may very well be the way in which to maintain the enterprise going they usually voted to cease operations,” concluded Pratt.