Solland Solar, based in the Netherlands, says it has been ‘forced to drastically reduce its remaining activities due to tough conditions’ in the solar market.
By reducing its workforce by approximately 100 employees, the company expects to be able to preserve its assets, respect its existing commitments to suppliers and continue discussions with interested buyers.
Management bought the company from Delta in July 2011. Earlier this month, Solland sold its cell manufacturing facility. Remaining assets include back-contact cell-related intellectual property, a research and development team, a module manufacturing facility and commercial activities.