23 Mar '12, 5pm

Solarhybrid goes bankrupt on German solar tariff cuts: Solarhybrid AG is filing for insolvency due to illiquidit...

Solarhybrid goes bankrupt on German solar tariff cuts 23 March 2012 Solarhybrid AG is filing for insolvency due to illiquidity before the local court in Arnsberg, Germany, weeks after listing project failures following the cuts in the German feed-in tariff for solar. By Kari Williamson The insolvency follows the proposed changes to the German Renewable Energy Act (EEG) , which reduces the feed-in tariff for ground-mounted solar photovoltaic (PV) installations by more than 30%, and which could eliminate the support for installations over 10 MWp. Earlier this month, Solarhybrid said the proposed legislative changes would have significant repercussions on the profitability of the company and its solar PV projects, as it focuses on the development of projects with a capacity of at least 10 MWp. The 150 MWp Neuhardenberg project would not be possible due to the scrapping of sup...

Full article: http://www.renewableenergyfocus.com/view/24742/solarhybri...

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