Borosil Renewables has officially pulled the plug on its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH. The company filed for insolvency on July 4, 2025, at the Cottbus court under the German Insolvency Code.
This move comes after months of financial bleeding in Europe. The solar manufacturing space there has been shrinking fast. Cheap Chinese modules flooded the market, wiping out European demand. Even major players like Meyer Burger closed shop. As demand for solar modules collapsed, so did the need for solar glass.
Borosil tried to keep things afloat. It poured in nearly 27 million euros to support GMB. Despite this, the unit was losing close to INR 9 crore every month. With no strong policy support from Europe, Borosil Renewables had to make a tough call.
From now on, a German court administrator will take over GMB’s operations. Borosil won’t bear any more losses from the unit. The total exposure in the German business stood at 35.3 million euros as of March 2025.
But here’s the good part — this decision frees up money, people, and time. Borosil is now focusing fully on India. And it’s a smart move.
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India is seeing a solar boom. Manufacturing capacity is already past 90 GW. It’s expected to hit 150 GW by March 2027. That means huge demand for solar glass. And Borosil is ready to lead.
Back in May, Borosil Renewables announced plans to invest INR 950 crore. It will add 600 tonnes per day (TPD) of new capacity, on top of its current 1,000 TPD. That’s a 60% jump. Two new furnaces will power this expansion.
Government support is also boosting the company. In December 2024, India introduced a five-year anti-dumping duty on Chinese and Vietnamese imports. Since then, solar glass prices have gone up by 28% in Q4 FY25.
The timing couldn’t be better. Demand is rising. Policy is supportive. Prices are strong. And Borosil Renewables has no more baggage in Europe holding it back.
The company says it will now stay focused on building world-class solar glass tech in India. The goal is clear — help India lead the global energy transition and build long-term value for everyone involved.
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