Italy’s Fimer has launched proceedings to restructure its debt and is now ready to restart production.
With the opening of insolvency proceedings, the business operations of the company were halted days ago. No potential investor could be found to take over the business.
The electronics manufacturer has a 130 MW capacity module production facility.
The Dutch PV manufacturer plans to start production this year after a last-minute rescue package arrived as the company’s equipment was being auctioned off.
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.
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.
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.
Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business.
A Teikoku Databank report says as many as 95 solar companies went bankrupt last year – seven more than in 2017. The company warns the negative trend that began in 2016 may escalate as FIT reductions for large-scale solar come into effect.
Insolvency proceedings have been opened on the assets of Photon Production GmbH, which was recently renamed RE Production GmbH. The proceedings were opened upon request of a creditor.
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