09 Jul '13, 2pm

Three More Solar Bankruptcies Emerge, While Europe and China Still Negotiate #renewableenergy

New Hampshire, USA -- The past week has seen three more solar companies go belly-up, at both ends of the upstream and downstream side of the industry, all blamed at least partly on persistent global competition. Meanwhile, talks between Europe and China over solar trade issues might be getting closer to a resolution as the initial negotiating window starts to close. On the downstream side, Conergy AG has filed for insolvency in the District Court of Hamburg. Conergy had managed "a strong increase" in both sales and shipments in the first quarter of 2013, and had planned to increase its large-scale solar project business to target global growth markets with both suppliers and strategic investors. But to do that would have required "a solid capital structure, in particular sufficient cash," the company says. The last straw, according to the company, was an "unexpected delay ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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