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  • Germany’s Q-Cells to file for bankruptcy
    Solar panel manufacturer Q-Cells has become the latest German solar panel manufacturer to fail, after spiralling debts and a slump in prices forced the company to file for insolvency proceedings.

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Insolvent Q.Cells attracts interest from potential investors

Q.Cells SE, which filed for preliminary insolvency at the beginning of April, is already attracting interest from potential investors, according to administrator Henning Schorisch at HWW Wienberg Wilhelm Insolvenzverwalter.

By Kari Williamson

“Our goal is to save as much of Q.Cells and as many of the jobs as possible,” Schorisch says. “The next few weeks will show the extent of investors' interest.”

Several domestic and international parties have already expressed an interest, and Deloitte has been assigned the task of identifying potential investors for the solar company.

Q.Cells has restarted some production and business operations will continue during the preliminary insolvency proceedings. The production of mono and multicrystalline solar cells is currently running at half level and the production of solar modules will soon be back at full speed, Schorisch says.

Q.Cells preliminary insolvency filing is not the only one, with several German solar companies struggling with price pressures – particularly from Asia – in recent months.

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity

 

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