Solarhybrid files for bankruptcy21. 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.
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.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 3000 views
- 2990 views
- 2869 views
- 2535 views
- 2525 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!