• By .(JavaScript must be enabled to view this email address) - 21 March 2012, 13:05
  • In News, Power Generation, Finance
  • Solar Shakeout

Solar shakeout: Solarhybrid files for bankruptcy

  •   In a brief statement, the company said that it had opened insolvency proceedings in relation to the assets of the company due to illiquidity issues.
    In a brief statement, the company said that it had opened insolvency proceedings in relation to the assets of the company due to illiquidity issues.

Financials

  • SHL
    ETR
    0.0000
    (%)

German PV project developer, Solarhybrid has filed for insolvency in the local court of Arnsberg, Germany. In a brief statement, the company said that it had opened insolvency proceedings in relation to the assets of the company due to illiquidity issues.

Solarhybrid had recently been highly active in building a project pipeline in the US and Israel, having acquired the majority of bankrupt Solar Millenium’s US planned projects estimated to be in the region of over 2GW as well as a 201MW pipeline from another bankrupt firm in Israel, Sunday Energy.

The company had completed the largest PV power plant in Germany, FinowTower II, last year and a total project volume of 218MW in 2011.

Solarhybrid had recently claimed it would lose €4 million of investment on two projects in Germany should proposed FiT changes be introduced.
 

We Recommend

Latest in News

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 19th Edition

    For manufacturers who had their heads in the bunker during 2012, fighting falling ASPs and eroding margins, the nineteenth edition brings you details of what lies in store for this coming year. Wright Williams & Kelly return in this issue with their popular analysis of payback on technology buys; crucially they analyze n-type wafers, Al2O3 passivation and copper metallization. SERIS shows us how to achieve 18.7% efficiencies using low-cost etching techniques on diffused wafers. We also have two important technology roundups: CIGS from Helmholtz Berlin, and PV module encapsulation techniques from Fraunhofer ISE.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Latest in TV & Video

Partners

Acknowledgements

Solar Media