insolvency

Germany’s vertical bifacial PV specialist Next2Sun has filed for the initiation of insolvency proceedings under self-administration for parts of the company.

Hamburg-based solar PV construction firm Pvwerk has filed for reconstruction just days after its sister company, Enerparc, announced insolvency.

Enerparc AG, one of Europe’s best-known solar project developers, has initiated insolvency proceedings in a Hamburg court.

German solar and wind developer SoWiTec has announced insolvency due to excessive debt.

Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.

German solar glass manufacturer Glasmanufaktur Brandenburg (GMB) has filed for insolvency after posting monthly losses of €900,000 this year.

Struggling Swiss solar manufacturer Meyer Burger has announced that its two German subsidiaries, including the owner of its solar cell manufacturing facility in Thalheim, are insolvent.

SolarWorld AG founder Frank Asbeck has been given approval to buy the major manufacturing and R&D assets of the company.

Bankrupt integrated PV module manufacturer SolarWorld AG is close to securing a new owner as a group of unidentified investors are to finance continued manufacturing operations at sites in Freiberg and Arnstadt in Germany by mid-August 2017.

SolarWorld AG's insolvency will not impact the continuation of the minimum import price (MIP) with the extension of the measures already enshrined in law by the European Commission.