Bankruptcy

Mystery deepens over management responsible for Solibro insolvency

Chinese thin film manufacturer Hanergy told pv magazine in August the manufacturing division of Solibro had ceased to be one of its subsidiaries in December 2015 but a company presentation issued six months later would appear to indicate otherwise. Hanergy has been approached for comment.

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Solibro ceases operations

Insolvency proceedings have been opened against the assets of the German thin-film solar manufacturer. A proposed reorganization failed because investors did not provide sufficient capital. Some 180 employees will lose their jobs.

The largest private coal company in the United States just went bankrupt

Despite promises by President Trump to save the coal industry, the crisis in the sector is clear. Solar, wind and batteries have the world to gain.

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Enel leaps up solar developer global ranking after project spree

The Italian fossil fuel company is not hanging around when it comes to diversifying into PV, with almost 1.5 GW of generation capacity plugged in since the start of last year. Canadian Solar has disputed Wiki-Solar’s positioning of First Solar as the world’s biggest PV developer.

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The weekend read: A bump in the road for pay-as-you-go solar and self-sustainability

Two high-profile bankruptcies this year could serve as a warning for the potential pitfalls of pay-as-you-go and small scale, off-grid solar. However, Marcus Wiemann and David Lecoque of the Alliance for Rural Electrification say such business models can lead to long-term success and have a key role to play in providing power to the 1 billion people throughout the world who still live without electricity.

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Solibro restructuring plan will depend on shareholders

The District Court of Dessau-Roßlau yesterday confirmed self-administered insolvency proceedings have been conducted at the German thin-film CIGS module manufacturer and a provisional administrator has been appointed.

German thin-film manufacturer Solibro reportedly set to file for insolvency

Solibro GmbH is expected to make the move this month, according to a German media report. The company has yet to publicly confirm the move.

Deutsche Bank attempts to wind up Singyes Solar

The German lender has issued a winding up petition over a $6.27 million debt and could scupper the manufacturer’s plans to restructure its defaulted payments and be taken over by a Chinese state-backed entity.

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Hogging the limelight – the incredible story of China Solar

Real estate and logistics company owner Cheung Shun Lee is making a third attempt to relist a company whose shares have been suspended for five-and-a-half years, and whose corporate history during that time reads like a soap opera.

Munich Re’s new policy could help lever solar investment

Insurance is seldom sexy but climate change campaigners will raise a glass to Munich Re if the industry emulates its policy to cap the financial risk related to battery warranties and helps lift global investment in energy storage as a result.

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