Phoenix is latest big name to join Germany's solar sick-list

Phoenix Solar has delayed issuing its latest annual report and its first-quarter results for 2012, saying recent German regulatory changes have forced it to “adjust” its business plan – and becoming the country's latest big PV company gasping for air.

The news from the Sulzemoos-based distributor and system integrator comes amid the blackest month in the history of the German solar sector, with manufacturing giant Q-Cells and a host of smaller companies having recently filed for bankruptcy.

Phoenix – like the developer Solarhybrid, which filed for insolvency on 20 March – singles out the recent cuts to Germany’s feed-in tariff (FIT) as the root of its problems.

“The restructuring plan submitted to the financing parties in December 2011, which also included the business development envisaged for the Log in to read complete article.

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