Q-Cells on the Solar Brink
The death rattle of the German solar manufacturing industry. What happens to Solibro, its CIGS unit?
This is what a solar shakeout looks like. This is also the last breath of what was once Germany's solar manufacturing dominance.
Q-Cells, Germany's once the globe's largest solar manufacturer, is on the brink of bankruptcy. The once-dominant solar company has lost hundreds of millions of dollars in the last year.
Last week we reported the bankruptcy of thin-film manufacturer Odersun. That follows the failure of CSP developer Solar Millennium and crystalline silicon module supplier Solon in December of last year.
"Q-Cells SE will file for insolvency proceedings on Tuesday, 3 April 2012, at the competent Insolvency Court in Dessau," according to the Q-Cells website which added, "Against the background of the final ruling of the Frankfurt Higher Regional Court in the Pfleiderer case on March 27, 2012, the company had come to the conclusion that no going concern prognosis is given anymore....MORE