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Q-Cells’ North American subsidiaries continue business as usual, negate insolvency questions

Financials

  • QCE
    FRA
    0.033
    (%)
    7:59PM GMT+1

Earlier this month, Q-Cells SE filed for bankruptcy, leaving some wondering about the status of their North American subsidiaries, Q-Cells North America and Q-Cells Canada. The companies mutually advised that the North American subsidies are continuing day-to-day business, operating in a “business as usual” atmosphere, with parent company Q-Cells SE confirming that the subsidiaries have not filed for bankruptcy.

The company noted that its North American subsidiaries are legally separate and economically independent from Q-Cells SE. The two North American companies have over 100MW of projects underway, all of which are expected to be completed in 2012.

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