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Home » Due to Bankruptcy, Solar Millennium Loses Moroccan Solar Project

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ProjectsPower & Industrial

Due to Bankruptcy, Solar Millennium Loses Moroccan Solar Project

May 28, 2012
Shem Oirere
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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.
 


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