It has emerged that some of its cell and module production equipment has been approved for sale to the US subsidiary of the Indian manufacturer Waaree. Under these circumstances, the board of directors for the parent company forecasts that “there is no longer any realistic chance of rescuing the entire group of companies, including the parent company”. The aim of the parent company is to conclude a composition agreement, ruling out the possibility of paying a liquidation dividend to shareholders. Insolvency proceedings had already been initiated earlier this year for the various German companies, including its solar cell facility in Talheim (Premium access) and for the development and mechanical engineering site in Hohenstein-Ernstthal. The company’s woes grew further in November 2024, when developer D. E. Shaw Renewable Investments (DESRI) terminated an up to 5GW module supply agreement in the US.