30 Mar '15, 7am

PV producer Innotech Solar AS and German subsidiaries file for insolvency #solar

Innotech Solar AS (Narvik, Norway) has filed for insolvency on March 24th , 2015 in Narvik, Norway. The German subsidiaries ITS Innotech Solar Module GmbH, ITS Halle Cell GmbH and Energiebau Solar Power GmbH, Cologne, have filed for insolvency at the local court of Halle resp. Cologne on March 25th , 2015. The Swedish module factory SweModule AB, had already filed for insolvency two weeks ago. Rüdiger Bauch from Schultze & Braun Halle/Leipzig has been appointed to preliminary insolvency administrator by the insolvency court of Halle for ITS Innotech Solar Module GmbH and ITS Halle Cell GmbH. He will monitor the opening procedure on behalf of the interest of the creditors, accompany the restructuring phase and supervise the economic situation of the company. The preliminary insolvency administrator for Energie Solar Power GmbH in Cologne has not yet been appointed. CEO Jerr...

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

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