Q-Cells Heading For Bankruptcy

German manufacturer Q-Cells has had its shares suspended
from trading after the company announced it would file for insolvency after
attempts to restructure the company to deal with the growing debts had not
realised the results expected.

While being seen as a blow to the global solar industry
by some analysts others have been predicting consolidation in an oversubscribed
market.

Only last week Q-Cells released an announcement that they
were looking for new methods to restructure the debt after a court ruling
prevented them from a deal involving swapping debt for equity.

The company intends to file for insolvency tomorrow in the
German courts and is one of a number of solar companies to do so in the last
month.