Exasun files for insolvency

Exasun, a Dutch manufacturer that specializes in building-integrated photovoltaics (BIPV), has blamed Chinese rivals for its decision to launch insolvency proceedings.Dutch BIPV panel producer Exasun has announced that it has filed for insolvency. The company attributed the decision to soaring production costs, triggered by the closure of the US and Indian markets to Chinese solar panels. This led to a surplus in the European market, causing a drop of more than 50% in module sales prices, adversely affecting its business, despite its niche market focus. "This resulted in negative margins and the ...

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