Solarhybrid files for bankruptcy

21. March 2012 | Industry & Suppliers, Markets & Trends | By:  Shamsiah Ali-Oettinger

German project developer solarhybrid AG has announced that it will begin insolvency proceedings in Germany.

Solarhybrid declares bankruptcy.

The statement released by the company states that the insolvency was due to "illiquidity" and the proceedings will be brought up at the Arnsberg court. Solarhybrid had already warned beginning of March that with the sinking of the feed-in tariffs for bigger solar parks, businesses in Germany will be affected.

With regards to the FITs changes, solarhybrid is largely affected by the installation in Neuhardenberg which is supposed to be connected to the grid end of this year. The company has already invested €7.5 million in the project.

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