German solar technology company Next2Sun is reportedly seeking urgent funding to avoid insolvency, according to industry reports. The company, known for its vertical bifacial solar modules, has not publicly confirmed the reports.
Next2Sun has been a pioneer in agrivoltaics, combining solar power generation with agricultural land use. Its vertical solar panels are designed to be installed on farmland, allowing crops to grow between rows while generating electricity.
The reported financial difficulties come amid a challenging period for the European solar industry, which has faced supply chain disruptions and increased competition from Asian manufacturers. Several European solar companies have struggled in recent years.
Further details about the company's financial situation and potential investors have not been disclosed. Next2Sun has not issued an official statement regarding the reports.
