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Solarwatt on the brink of insolvency

Talks with an investor, which should, in the short term, eliminate the debt of Solarwatt AG, have failed. As such, the photovoltaic company will probably have to register for insolvency with the District Court. Update: In-house restoration is sought.

Solarhybrid insolvency proceedings open

The insolvency process has begun for Germany’s Solarhybrid AG.

Employees want to take First Solar over

Part of First Solar Inc.’s German workforce has said it wants to continue producing the manufacturer’s photovoltaic thin film modules, according to media reports. However, in the future they will only make modules for small rooftop systems.

SolarWorld announces job cuts

SolarWorld AG is expected to shed around ten percent of its 3,300 strong workforce, according to reports. Chinese “dumping” prices have been cited as a key reason.

Germany installs 1.8 GW PV in Q1

Germany’s Federal Network Agency has once again quietly released the new photovoltaic installation capacities. Overall 1.8 gigawatts (GW) were installed in the country in the first quarter (Q1) of 2012.

Inventux files for insolvency

Berlin-based Inventux Technologies AG is the next German photovoltaic company to announce insolvency.

Sovello next for insolvency?

According to reports, the photovoltaic company is drastically cutting production. Sovello declined to comment, however, that it will soon be filing for insolvency.

German Environment Ministry seeks solar subsidy compromise

Additional funding for photovoltaics research and development should move the German states to a “yes” regarding the country’s EEG, or renewable energy law. Saxony-Anhalt’s Minister President believes an agreement on Germany’s solar subsidies will be reached by the summer.

Sovello submits insolvency application

Following speculation at the weekend that Sovello GmbH would file for insolvency, the company has now submitted an application to open self-administration insolvency proceedings at the Dessau district court in Germany, due to a lack of funds.

German Bundesrat calls for PV subsidy mediation committee

Germany’s Bundesrat wants to revise the country’s renewable energy law (EEG) for photovoltaics. A majority of Bundesrat representatives, therefore, voted for the invocation of a mediation committee with the Federal Parliament.

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