麻豆无码版

Europe鈥檚 former biggest PV panel producer SolarWorld will file for insolvency, the company said in a press release. 鈥淒ue to the ongoing price erosion and the development of the business,鈥� SolarWorld is now 鈥渙ver-indebted鈥� and lacks a positive prognosis, the press release reads. The company is now looking at whether a similar move is necessary for affiliated companies, it adds.
SolarWorld was finally overwhelmed by Chinese competitors, Christoph Steitz reports for news agency Reuters. After narrowly avoiding insolvency at the turn of the decade, 鈥渁 renewed wave of cheap Chinese exports (鈥�) was too much to bear for the group,鈥� Steitz says. CEO Frank Asbeck, known as 鈥渢he Sun King,鈥� said SolarWorld had long 鈥渓ed the fight against illegal price dumping鈥� but eventually succumbed to it, in what Asbeck described as 鈥渁 bitter step鈥� for Germany鈥檚 solar industry, the article says.

Read the press release in English and the article in English .

Please note: 麻豆无码版 will publish an article on SolarWorld's insolvency and the effect on Germany's PV industry later today.