30 Jan '15, 6am

Solar-Fabrik AG to file for insolvency in self administration #solar

Solar-Fabrik AG (Freiburg, Germany) has decided to file for insolvency in self administration. The same application will also be prepared for Solar-Fabrik Wismar GmbH. The goal of the self administration is a restructuring of Solar-Fabrik AG and Solar-Fabrik Wismar GmbH, the company announced in an Ad hoc announcement on January 29th , 2015. The other companies of Solar-Fabrik Group are not impacted. The applications will be filed with the Local Court of Freiburg on February 2nd , 2015. Low PV demand combined with price pressure Solar-Fabrik AG has been impacted by low solar photovoltaic (PV) market demand combined with the corresponding price pressure since the fourth quarter 2014. The company estimates that this situation is likely to continue over the next couple of months, generating additional cost pressure. Solar-Fabrik AG wants to use the instrument of insolvency in...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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