Arise Technology Centre GmbH, the wholly-owned German subsidiary of Arise Technologies, has initiated structured insolvency proceedings following the company’s closure of its German operations in October. The Gelsenkirchen, Germany-based Technology Centre was established under a multi-faceted agreement with Scheuten Solar in October 2009.
Arise was then instructed by an arbiter to pay €920,066 to Scheuten Solar as a result of lease disputes related to the Technology Centre. Consequently, the Canadian PV module manufacturer has made the decision that it is no longer feasible to continue to run its German operations.