Wave of bankruptcies burdens solar industry

Source: WIRTSCHAFT TV (Glomex)

The solar industry is currently experiencing a wave of bankruptcies, especially among smaller and inexperienced providers. The reason for this is the decline in demand for photovoltaic systems, which is attributed to falling energy prices and increased competition. Many companies that grew rapidly during the boom of recent years cannot adapt to the decreasing order volumes and have to file for insolvency.

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