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.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 2561 views
- 2470 views
- 2082 views
- 1941 views
- 1938 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!