Tag Archives: Munich

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

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Centrosolar sells solar glass division; suffers devastating 2012 losses – Another one bites the dust

Centrosolar Group AG will sell its solar glass division off, following a year of devastating financial losses. The Germany-based company has also postponed the publication of its annual report and announced the continuation of its restructuring measures. Centrosolar saw 2012 … Continue reading

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