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insolvency

Hanergy’s Solibro Hi-Tech unit in liquidation

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.

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Parent company of Algerian module maker Condor reported to have filed for insolvency

The electronics manufacturer has a 130 MW capacity module production facility.

Deal reached to keep Energyra module production in the Netherlands

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.

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.

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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.

Enerray enters insolvency proceedings

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.

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FIT cuts and lower revenue may cause more bankruptcies in Japan

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.

Photon: Insolvency proceedings underway on publisher’s assets

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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Calyxo files for insolvency

The German thin film solar PV module maker was forced to start the proceedings after an order from a major customer was canceled.

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