Solland Solar declared bankrupt

Share

Apparently the advent of a bankruptcy declaration has been looming over the company for a few weeks now as local media in the Netherlands report. Solland Solar is a subsidiary of the Pufin Power Group based in Maastricht. Last week the Limburg court appointed Dominique Roomberg to act as an administrator to facilitate Solland Solar’s debt obligations. The Limburg court was reacting to a trade union application sent on behalf of 80 Solland employees. Failure of payment in the stipulated time would result in a bankruptcy declaration, and this is exactly what has happened.

In July 2015, the Dutch "Solar Magazine" reported that there has been fear among Solland Solar’s employees who have been waiting for several weeks to get paid. The fear then already was that the company was going bankrupt. Solland Solar was sold in parts in 2011 and 2013 to various companies, with the Heerlen cell and module manufacturing plant sold to Italian Pufin Power Group. In June 2013, Pufin and Eurener sealed an industrial partnership to have a 100% European PV module production.

Solland Solar was reported as wanting to take advantage of the anti-dumping policies in the EU and the U.S. by ramping up its own capacity. Only in July, the Pufin Power Group announced that it will be supplying Trina Solar with over 200MW of polycrystalline solar cells that would be produced in the Netherlands. This supply order was to be fulfilled by July 2016 with the option for further supply extension. Cell production was also expected to commence in September at a PV plant in Merano, Italy under the Solland name according to Pufin Power’s CEO Massimo Pugliese. This facility was taken over from MEMC after MEMC suspended its polysilicon operations in Merano.

pv magazine has contacted Solland Solar and Trina Solar for further comments.