• Print

Solar Shakeout: Iatso files for insolvency

  • Spanish photovoltaic panels producer Iatso files for insolvency
    Spanish photovoltaic panels producer Iatso files for insolvency

Spanish photovoltaic panels producer Innovacion en Alta Tecnologia Solar (Iatso) has filed for insolvency, it was announced today.

The company fell victim to tough trading conditions, which included Spain’s recent reduction of renewable energy premiums. Spanish manufacturers have also had to tighten their belts in the face of a deteriorating domestic market and stiff competition from Asian companies.

Iatso is the second Valencia-based photovoltaic panels producer to have filed for insolvency, following Siliken.

The company was established in 2006 and focuses on the production of photovolatic modules and ground fixing systems. Iatso's revenues for 2011 amounted to €3.19 million (USD $4.3 million).

Earlier this year PV-Tech reported how Spanish solar groups threatened to take their government to court over retroactive cuts to PV incentives. Members of Appa, Anpier, Unef and Protermosolar warned that, if left unchallenged, the cuts could bankrupt many of the country’s PV plant owners.


  • Photovoltaics International 27th Edition

    Now that the PV industry has unquestionably entered a new growth phase, all eyes are on which technologies will win through into the mainstream of PV manufacturing. PERC, n-type, p-type bifacial, heterojunction – all have become familiar terms in the ever-growing constellation of solar cell technologies. The question is which will offer manufacturers what they are looking for in improving efficiencies and cutting costs.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.



Solar Media


We won't share your details - promise!