The decision by German renewable-energy firm Solar Millennium to file for insolvency has upended the company’s Africa expansion plans, with at least one multimillion-dollar project slipping through its hands this year.



Solar Millennium, which has focused primarily on the design and implementation of solar-thermal powerplants, filed for bankruptcy in the Germany city of Fuerth. The bankruptcy confirms earlier predictions by solar-energy analysts who said a tumble in solar-panel prices would make business tough for leading global solar developers.