Tag Archives: Conergy

SolarWorld shareholders approve rescue package; Qatar Solar picks up stake

Shareholders in the beleaguered German manufacturer SolarWorld have given the green light to a comprehensive restructuring of the company’s finances. The debt-for-equity deal, approved by a 91% majority yesterday, will see Doha-based Qatar Solar acquire a 29% interest in SolarWorld … Continue reading

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Solar Shakeout Continues: Gehrlicher Solar files insolvency papers

Gehrlicher Solar was the 22nd largest EPC in 2012 according to IHS Research. Gehrlicher Solar has become the latest German firm to file for insolvency according to court papers lodged on Friday seen by PV-Tech. It began proceedings on the same day … Continue reading

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Conergy Files for Insolvency as Banks Disagree on Investor

Conergy AG (CGYK), once Germany’s largest solar-energy company, filed for insolvency today after one of 10 lenders rejected a short-term plan for an investor to take over loans held by the company. As payments from a large project are delayed and … Continue reading

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