06 Mar '12, 5pm

Solon, Bankrupt German Solar Vendor, Acquired by UAE’s Microsol: We are in a period of consolidation in the gl...

We are in a period of consolidation in the global market market. As GTM Research Senior Solar Analyst Shyam Mehta has said, "Consolidation is a nice word that holds a lot of ugly things." Late last year, Solon , the German manufacturer of solar modules and solar power plants, was going to "attempt restructuring via the insolvency court," according to a release. That's roughly the German equivalent of bankruptcy. The firm was carrying more than $500 million in debt and was unable to reach an "amicable solution" with its debtors and investors. In August, we reported that the company shut down its 60-megawatt module manufacturing facility in Tucson, resulting in the loss of around 60 jobs. The firm has about 800 employees, according to Die Welt . Solon is also the lead investor in Global Solar Energy, a maker of CIGS flexible solar panels. The impact that the Solon insolvency...

Full article: http://www.greentechmedia.com/articles/read/Solon-Bankrup...

Tweets

UAE's Microsol Buying Solon's Assets

renewableenergyworld.com 06 Mar '12, 8pm

A "Solon Energy Group" will be formed with "essential components" and "key assets" of Solon SE and its subsidiaries, inclu...

[email protected] on @solarmosaic, with a much-appreciat...

dotearth.blogs.nytimes.com 08 Mar '12, 3pm

In this picture I’m standing on the roof of People’s Grocery in Oakland, Calif. with Nikki Henderson, the executive direct...

Most old Solon warranties will be transferred t...

renewableenergyfocus.com 19 Mar '12, 1pm

Microsol buys bankrupt Solon The United Arab Emirates (UAE) based solar cell manufacturer Microsol has acquired “essential...

Germany plans to cut solar power incentives

electronicsweekly.com 08 Mar '12, 12am

The German government is planning to reduce incentives for new solar installations, but the market in the country remains ...

German Innovation in Solar Water Heating: With ...

buildinggreen.com 13 Mar '12, 3pm

Before describing what makes the Wagner SECUSOL so exciting, a few words about solar thermal systems are warranted. Over t...

New job posting at the Passive House Institute ...

Whether you are a firm with a Passive House relevant position to offer or are looking a project partner, let iPHA know by ...