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.
Part of First Solar Inc.’s German workforce has said it wants to continue producing the manufacturers photovoltaic thin film modules, according to media reports. However, in the future they will only make modules for small rooftop systems.
Germanys 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.
Additional funding for photovoltaics research and development should move the German states to a “yes” regarding the countrys EEG, or renewable energy law. Saxony-Anhalts Minister President believes an agreement on Germanys solar subsidies will be reached by the summer.
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.
Germanys Bundesrat wants to revise the countrys 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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