BITTERFELD-WOLFEN, Germany: A decade after a wave of bankruptcies all but wiped out the German solar industry, the sector is looking to reestablish itself in the face of stiff competition from abroad. In Bitterfeld-Wolfen, a solar cell plant opened in 2021 by the Swiss group Meyer Burger on the site of defunct German producer Q-Cells is a sign of a possible renaissance. A decade after a wave of bankruptcies all but wiped out the German solar industry, the sector is looking to reestablish itself in the face of stiff competition from abroad. "We are under the impression that Europe is always behind... in the United States, everything is faster," said CEO Erfurt. Nordic group Norwegian Crystals filed for bankruptcy in August, underlining the risks for the European sector as it looks to grow again.

Source: Manila Times October 22, 2023 15:07 UTC