Scheuten Solar – a leading player in the building-integrated PV space, in addition to its 200MW of thin-film production capacity – says it has filed for suspension of payments to its creditors after being overwhelmed by the rapid decline in PV prices in the last 18 months.
The company – which is part of the broader Scheuten Group, a specialist in glass products – says it has been engaged in “serious efforts” since mid-2011 to attract investment from another PV company, but could not find a willing investor.
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