After looking for potential investors for several weeks, SolarWorld Industries has attracted more than a dozen interested parties in a structured and global M&A process. Dr. Christoph Niering, provisional insolvency administrator of SolarWorld Industries, welcomes investor interest: " The great response is a very good sign."
Job retention and know-how are important factors for Dr. Christoph Niering. To guarantee that the employees support the process, the provisional insolvency administrator on May 24th informed works council and employees about the current status. It will be proposed to open regular insolvency proceedings in June, following the preliminary insolvency proceedings opened in March. The module production of SolarWorld in Freiberg/Saxony shall be continued also thereafter. The cell production in Arnstadt/Thuringia will be temporarily stopped until the end of the investor process.
Niering: "The preservation of jobs and know-how has priority in the further process. SolarWorld's production sites are at the core of the German and European solar manufacturing industry, which remains internationally leading in terms of technology and sustainable production. "
SolarWorld / Philipp Kronsbein
Photovoltaic Feed