Domino effect: Asola Automotive Solar also insolvent


The consolidation continues in the German PV market. The Asola Automotive Solar Deutschland GmbH has filed for insolvency at the District Court in Erfurt.

Volker Reinhardt has been appointed as the preliminary insolvency administrator. He has already held initial discussions with the manufacturer to work out the long-term sustaibility plans of the company. "I see a good chance to maintain the business and execute the existing orders," Reinhardt commented.

The search for investors has now officially begun. Reasons for the situation have been cited as the loss of a large customer base and the "domino effect" jumpstarted by the insolvency of sister company Asola Solar Power. Both companies will now be reorganized.

Asola already restructured last year and Asola Quantum Solarpower AG was founded as a holding company. The activities in the automobile solar sector are carried out by Asola Automotive Solar Deutschland GmbH. Asola Advanced and Automotive Solar Systems GmbH, which is now Asola Solarpower GmbH, continues to develop solar modules and roof integrated systems for building and ground-mounted applications.

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:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.