On 11 May, management of the company filed for insolvency proceedings. The subsidiaries of the company also filed for insolvency. The court has appointed the attorney at law Piepenburg as the preliminary insolvency administrator. On 28 April, the company reported Q1 17 results. Solarworld sold 382MW compared to 340MW in Q1 16. Revenues, however, declined 12.7% to €186m due to ongoing fierce price competition. EBITDA reached minus €18m compared to a positive €2m in Q1 16. Accord
