Time runs out for Solar Millennium as it files for insolvency

Facebook
Twitter
LinkedIn
Reddit
Email

Unable to secure closure on a previous deal to sell its solar project pipeline to solarhybrid and investor funding for its planned expansion of its Ibersol parabolic trough power plant project, Solar Millennium has filed for the opening of insolvency proceedings at the district court in Fuerth, Germany. The module supply deal between First Solar and solarhybrid becomes suspect.

Though a previously successful solar technology, the ability to reduce production and construction costs of parabolic trough technology came into question as PV technology pricing has fallen dramatically in the last few years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The previously announced acquisition of its US project pipeline by solarhybrid, which planned to use PV instead of trough technology – was confirmation that the technology was increasingly proving uncompetitive.

Solar Millennium said in a brief statement soon after issuing an announcement that the deal with solarhybrid had yet to be concluded that expected funds would have enabled the company to continue and develop new business opportunities. However, with both fund generation plans not concluded, insolvency was the only route to take to protect existing assets for the shareholders and its creditors.

First Solar connection

However, with the solarhybrid project pipeline transaction put on hold, it raises issues over a proposed deal with First Solar by solarhybrid to use its CdTe thin-film modules for the Blythe (1000MW) and Palen (500MW) projects, within the Solar Millennium pipeline.
 

Read Next

September 5, 2025
US solar tracker manufacturer Nextracker has launched a new electrical balance of systems (eBOS) trunk connector.
September 5, 2025
Scientists from Germany and Saudi Arabia have discovered that perovskite thin-film cells are compatible with current industry standard silicon solar cells, which they claim is a “crucial step toward the industrialisation of perovskite silicon tandem solar cells”.
September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 5, 2025
US solar tracker manufacturer Array Technologies has announced that two of its tracking systems are compatible with 2,000V solar systems.
September 5, 2025
Research firm Rystad Energy has found that Queensland’s utility-scale solar PV power plants have dominated the best-performing assets, in terms of AC capacity factor, rankings for August 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines