Platinum GmbH, a Wangen im Allgäu, Germany-based inverter manufacturer, has announced today that it has filed for insolvency amid continuing financial difficulties in the PV sector.
A press release issued today stressed that the companys current, day-to-day operations will not be affected by the preliminary insolvency actions. The company also revealed that it has appointed Holger Leichtle of law firm Schultze & Braun to oversee the insolvency proceedings.
"The ongoing operation and supply to customers will continue as normal," reassured Leichtle, who will coordinate Platinum's restructuring process as the company open up discussions with its partners and suppliers.
pv magazine understands that none of the 70 employees who currently work for Platinum are at risk of losing their jobs, with salaries secured for the next three months via an insolvency fund.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.