German FIT threat tips ambitious Solarhybrid over the edge

Plans to change the FIT spurred solar's supporters to hit the streets of Germany

Plans to change the FIT spurred solar's supporters to hit the streets of Germany

German developer Solarhybrid – which only last month clinched a deal to buy bankrupt Solar Millennium’s 2.25GW project pipeline in the US – has itself entered insolvency proceedings, falling victim to looming changes to Germany’s feed-in tariff (FIT).

Solarhybrid says “illiquidity” issues have forced it to file for insolvency proceedings with a local court in Arnsberg, a month after the German government said it intends to eliminate all support for PV projects larger than 10MW.

The filing leaves the whole of Solarhybrid’s project pipeline in limbo, and adds yet another grim twist to the saga of the 1GW Blythe project in California, often touted as the world’s largest solar development.

Solarhybrid chief financial officer Albert Klein did not immediately respond to requests for information regarding its project portfolio.

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