Berlin-based solar company Inventux, a manufacturer of “micromorph” thin-film solar panels has filed for bankuptcy. According to a release, the 200-person company is looking for investors.
Inventux’s “micromorph” process was an amorphous silicon (a-Si) technology based on an equipment set from Oerlikon which boasted some of the higher efficiencies to be coaxed from that material — with figures approaching ten percent according to data sheets from the firm.
MJ Shiao, GTM Solar Analyst, says not to count out thin-film silicon, citing Trony as a leader in off-grid applications. (Read more in MJ Shiao’s epic thin-film solar report)
German photovoltaic panel manufacturers are faced with reduced feed-in tariffs, increased competition from China, and a global oversupply of solar modules. A statement from the firm implicated “massively subsidized” Asian manufacturers as the cause for the company’s fall.
Invetux joins Germany’s Q-Cells, Soltecture, Odersun, Solar Millennium, Sovello, and Solon in the group of the country’s extremely troubled or shuttered PV manufacturing firms. Q-Cells was Germany’s — and once the globe’s — largest solar manufacturer. It is now on the brink of bankruptcy.
As Shyam Mehta has said, “‘Consolidation’ is a nice word that refers to a lot of ugly things.”