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Mobisol and Solarkiosk insolvencies highlight risk in off-grid
Solar home systems (SHS) pioneer Mobisol has entered self-administered insolvency proceedings at the District Court of Charlottenburg in Berlin. The move announced on 18 April gives the management three months to turn the company around and conclude negotiations with prospective investors that began at the start of the year. Mobisol has been operating since 2011. The news came soon after German off-grid company Solarkiosk AG announced that it had filed for insolvency and hoped to restructure during preliminary proceedings.
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