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Dec 16th, 2011
SOLON SE files an application for the opening of insolvency proceedings
Increasing competition with Chinese manufacturers and lowering PV demand due to the reduction of PV incentives in Europe are seen as the main causes of SOLONís insolvency.
On December 13, 2011, a European PV manufacturer SOLON SE filed an application for the opening of insolvency proceedings.
An application for the opening of insolvency proceedings was subsequently filed for the following subsidiaries: SOLON Photovoltaik GmbH, SOLON Nord GmbH and SOLON Investments GmbH.
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