Photon Publishing, which produces the prominent solar industry periodical, Photon International, has entered insolvency proceedings in the court of Aachen, Germany.
According to details of the filing published by the court, Andreas Ringstmeier has been appointed temporary insolvency lawyer for the proceedings.
News of Photon Publishing’s insolvency come only weeks after its parent company, Photon Holding, also began temporary insolvency proceedings due to what the company said was an unpaid tax bill.
At the time, the company maintained that the proceedings would not affect its subsidiaries, which include Photon Publishing.
The forebear to Photon Publishing, Photon Europe, was restructured to form the current publishing company last year after facing financial difficulties and also going into insolvency.
PV Tech is seeking further details from the company.