Germany’s Green Disaster: Wave Of Solar Bankruptcies Wipes Off Almost 25 Billion Euros

Thursday, 12 July 2012 09:48 Jörg Hackhausen, Handelsblatt

The wave of bankruptcies in the solar industry continues unabated – and once again, investors lose a lot of money.

Meanwhile, Germany’s large solar companies have lost almost 25 billion Euros on the stock market.

Yet again another failure of a solar company: the solar system builder Centrotherm has made the application for insolvency on Wednesday. “We are not insolvent,” laboured a spokeswoman for damage control. The share price collapsed by 80 percent to 0.42 Euros.

Germany’s Green Disaster: Wave Of Solar Bankruptcies Wipes Off Almost 25 Billion Euros

h/t to Dave G