Small France-based module manufacturer, Solarezo has entered bankruptcy proceedings in an effort to restructure its finances having a reported €50 million order backlog with only a 65MW production capacity, according to the company’s website.
Reports said that the company was seeking working capital to meet orders but raising funds proved difficult. Chemical group, DRT was said to have almost a quarter stake in the company and had offered half the working capital needed to continue operations.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
