11 May 2012 17:41 [Source: ICIS news]
The Bundesrat, which represents
Winfried Kretschmann, minister president of the state of Baden-Wurttemberg, said that solar firms – in particular smaller- and mid-sized producers – were not able to cope with the planned cuts.
Rainer Haseloff, minister president of the state of Saxony-Anhalt, home of much of
A number of German solar firms recently filed for insolvency, citing tough market competition.
Many chemical producers have targeted solar and photovoltaic markets as an outlet for their products.
In related news, German specialty chemicals major Evonik said on Friday that asset impairment losses in its photovoltaic business were partly to blame for a 38% year-on-year decline in its 2012 first-quarter net income.
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