Berlin (dapd). The insolvency of solar Millennium a year ago marked the beginning of sustained decline of the German solar industry. More and more solar companies 2012 came in the wake of backward, for which the industry blames primarily low-cost competition from China, as well as funding cuts by the Federal Government.
In April, as the solar cell manufacturer of Q-cells from Bitterfeld-Wolfen filed bankruptcy. The rescue of the former before flagship company of the German solar industry in Saxony-Anhalt was in August after months of uncertainty. The South Korean Hanwha group, one of the largest companies in the country, took over Q-cells and promised to get 1,300 world’s 1,500 spots.
A specialist for small and medium-sized rooftop installations, or the Bosch subsidiary Aleo companies such as the Munich Centrosolar, solar amassed ever greater losses and so their forecasts a to the other time. Heart towards his rehabilitation, the struggling Hamburg-based solar company Conergy again came under pressure. In October, Conergy announced that the equity of nearly 160 million euros to more than half is exhausted for the second time within two years.
SMA solar could defy a long time the industry crisis. Although remained the world’s largest manufacturer of inverters for solar plants still in the black numbers. But now the company from the Hessian Niestetal expects at best a balanced result for 2013.
Image courtesy of pinguin1961