Blue Chip Energy Filed for Insolvency

CompaniesTechnology ♦ Published: July 21, 2011; 20:20 ♦ (Vindobona)

The solar cell producer has abandoned production today. Asian investors are said to be interested in an acquisition of the Burgenland-based company.

Blue Chip Energy Filed for Insolvency / Picture: ©

On Wednesday, the management of Blue Chip Energy GmbH took the decision to file for insolvency proceedings for the company. The company’s 110 employees were told only yesterday evening that the production would be abandoned as of today. “Due to the difficult market situation and the persistent slack demand, the financial situation of Blue Chip Energy became increasingly tense.…