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Daily Archives: July 9, 2013
Gehrlicher Solar sunk by termination of €85 million bank loan
German photovoltaic group Gehrlicher Solar AG said on Tuesday that its decision to file for insolvency on Friday was prompted by the termination of an €85 million ($109.5 million) loan by a banking consortium. The company added that its subsidiaries … Continue reading
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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