CEO of bankrupt Phoenix Solar to leave

International solar PV systems integrator Phoenix Solar has announced that its CEO, Tim P. Ryan is set to leave the company in the next few days, only around a month after the company entered insolvency proceedings in Germany.

Phoenix Solar returns to profit in 2016

German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.