Hard Times for Thin-film PV Module Makers as Crystalsol and Calyxo File for Insolvency

German cadmium telluride solar panel producer Calyxo TS Solar GmbH filed for insolvency in December for the second time in less than two years in the district court in Aachen, Germany, pv magazine reported. The court has appointed Christoph Niering from the law firm Niering Stock Tömp to serve as the provisional insolvency administrator. Talks on the possible arrival of new strategic partners are still ongoing, so management has been forced to open new proceedings. Niering said on Friday that it is still possible to maintain operations and process existing orders. The talks with potential investors will continue and expand with the participation of the provisional administrator and international advisers. In April 2018, Calyxo filed for insolvency for the first time due to payment difficulties, following the cancelation of a major order. Read more

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