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Henning Schorisch

Hanergy subsidiary Solibro Hi-Tech declares insolvency

Insolvency proceedings have been under way for the separate Solibro GmbH division since late summer and business operations have long been suspended there. With Chinese thin-film manufacturer Hanergy having told pv magazine it pulled out of that business in 2015 – despite apparent evidence to the contrary – this week another Hanergy subsidiary, Solibro Hi-Tech, declared insolvency.

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.

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