Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Thursday, April 5, 2012
GERMAN SOLAR SUBSIDY SLASH PROMPTS NEW SPATE OF SOLAR BANKRUPTCIES
Plunging prices for solar panels, overcapacity, and a recent, substantial slash of government subsidies for solar power in Germany have prompted a rash of major solar firms to declare bankruptcy. Solar Millennium AG’s U.S. subsidiaries—including Solar Trust of America—filed for Chapter 11 insolvency proceedings in a concerted action on Monday, while giant solar cell–maker Q-Cells filed for insolvency in a German court. Read More »
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