Holders of one of SolarWorld’s bonds overwhelmingly backed the company’s proposal at a creditor’s meeting today.
The plan will see Qatar Solar buy a minority stake in the company, as part of a complex restructuring process that will leave many of its existing creditors with huge losses.
The package of measures was developed in a bid to keep SolarWorld operating in the devastating market pressures that have sent some of Germany’s biggest PV groups into insolvency.
The
