Debt-stricken
Solarwatt
–
a
system
integrator
and
maker
of
crystalline
silicon
PV
modules
–
filed
for
insolvency
protection
in
June,
after
a
series
of
unsuccessful
negotiations
with
the
company’s
creditors
and
outside
investors.
The
company’s
latest
plan
involves
paying
back
its
bondholders
and
other
“non-priority”
creditors
at
16%
of
what
they
are
owed
–
with
the
possibility
of
additional
future
payments.
Solarwatt
claims
that
16%
is
significantly
higher
than
the
amount
paid
back
under
most
similar
circumstances,
and
adds
that
the
money
would
be
disbursed
within
four
weeks
of
the
plan’s…
