It is the latest in a series of insolvencies in theonce-mighty German solar industry, which in large parts has not been able towithstand the pressure of cheap Chinese competition.
After the failure of the refinancing talks, the companysays it sees no option for implementing a short-term financial restructuringoutside of insolvency proceedings, and won’t make any interest payments on 16 December for its 2010/2015 bond.
The
