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
