It seems that almost every other month, Germany sets a new solar power record. However, despite the sunny outlook for the current state of power generation, the solar panel industry has been showing signs of distress. On Friday of last week, Conergy and Gehrlicher Solar filed for insolvency. Several weeks ago, Siemens stated that it would be closing its solar division after losing nearly $1 billion over the past two years, and Bosch has decided to leave the solar market, citing similar losses.
Read the rest of Germany’s Solar Industry is in Peril as Big Companies File for Insolvency
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Post tags: bosch, china, Conergy, Electricity, gehrlicher solar, germany, implode, insolvency, power, record, renewable energy, siemens, solar, tariff