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…

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