The insolvent solar manufacturer can find no peace. Now the public prosecution believes that there has been illegal insider trading.
According to media reports, the entrance of an Asian investor into Germany-based Centrosolar AG is imminent, following the decision of two of Centrosolars board of directors to sell their entire share packages over the counter.
Production at the insolvent Germany-based photovoltaic company, Sovello is at a standstill. Despite this, talks are said to be ongoing with “major strategic partners”.
Bosch will close its silicon thin film works in Erfurt, Germany. In the future, the company will concentrate on the areas of crystalline and CIS thin film photovoltaics.
From the end of August, the insolvent Sovello will stop all production on its photovoltaic product assembly lines. Almost all of the employees will be terminated. Meanwhile, investor discussions are said to be difficult.
A spokesperson for Hanwha has officially confirmed the companys interest in the insolvent Q.Cells. An offer from the Korean company is expected this week.
The insolvent, Germany-based Inventux has been saved. More than half of the companys workforce will be retained.
Centrotherm photovoltaics AG has said it will postpone its AGM while it works on its self-administration and restructuring plan.
SolarWorld has confirmed to pv magazine that an anti-dumping complaint has been filed by a consortium of European manufacturers with the European Commission. More information is expected to be released by the Bonn-based company this afternoon.
REC looks to be in a good position following its new credit and issuance of new shares. Despite this, impairment charges related to the company’s fixed assets at its manufacturing facility in Singapore have significantly impacted its second quarter (Q2) financial results.
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