The Hamburg-based solar panel manufacturer Conergy has filed for insolvency. It is the latest business in Germany’s solar energy industry to run into drastic financial upheaval.
The Hamburg-based solar panel manufacturer Conergy has filed for insolvency. It is the latest business in Germany’s solar energy industry to run into drastic financial upheaval.
It would appear there is a lot of money to be made in bankruptcy. Solar companies are the perfect vehicle, since solar is a technology which defies the fundamentals of physics and runs on pure belief. Once the believers get tired, poof goes the company and KA-CHING goes the cash register.
We are living in a time of corruption in high places that has not been seen since The Sun King built Versailles. The crash will no doubt be equally spectacular.
“Con” directly in the name (Conergy).
Gotta love the irony.
“Con” ~ Good one MarkP ! Thank day…
Another “Green” one bites the dust!