Pioneering German photovoltaic company Gehrlicher Solar AG files for protection under the German bankruptcy laws. Its subsidiaries, in particular the successful, growing US subsidiary Gehrlicher Solar America Corporation, are not directly affected by this filing. MUNICH--(BUSINESS WIRE)--Gehrlicher Solar AG (GSAG), one of the oldest companies in the solar industry, filed for preliminary reorganization proceedings at the District Court of Munich on July, 5th, noon. The filing was as an immediate and direct response to the announcement by the banking consortium to terminate the EUR 85 million loan. “Anti-dumping tariffs on modules do not help anyone, not even those who request them,...
↧