The company based in Köngen in Germany’s southern state of Baden-Württemberg said the continued market collapse in the PV industry has rendered it unable to meet its financial commitments.
Solutronic’s announcement shows that the inverter market has become overcrowded in certain key PV markets such as Germany, inverter analyst Cormac Gilligan at IHS says.
“Due to the high concentration of inverter suppliers in Germany, and a rapid decrease in inverter shipments from over 9GW in 2010 to just 4GW in 2013, inverter prices have decreased by over 40%since 2010 as inverter suppliers compete in a shrinking domestic market,” Gilligan said.
