Conergy,
under Pressure,
Works on Value
Conergy, the vertically integrated PV firm headquartered in Frankfurt, Germany, is in the midst of a major reorganization. The
company has raised about 13. 2 million euros
($18.5 million) from additional stockholders,
which will be used to pay off current debts, and
a new board of directors was poised to step in
following the stockholders meeting in August.
Part of the company’s problem is competi-
tion from lower-cost modules from Asia. Con-
ergy now plans to pitch competitive pricing for
the entire system, from module to inverter to
balance-of-system to rapid installation. Karl
Heinz Küsters, Conergy’s technical chief, sat
down with SOLAR TODAY to explain progress
on a number of fronts.
Copyright © 2011 by the American Solar Energy Society Inc. All rights reserved.
