Overview
- The German wind turbine developer and servicer entered preliminary insolvency proceedings, with attorney Christoph Morgen appointed as the provisional administrator.
- Company representatives cite heavy costs from numerous approved projects, softer demand for its offerings, and a canceled rotor‑blade supply that left turbines tied to specific certifications.
- Management says parts of the business could keep running, notably the service unit, while a sale or continuation is evaluated with reported interest from potential buyers.
- Roughly 280 employees are affected and wages are initially covered for three months through insolvency pay, while state guarantees of about €13.4 million and a reported €50 million injection mid‑year heighten public exposure.
- An industry network leader in Mecklenburg‑Vorpommern criticizes federal energy policy signals toward gas power, saying the uncertainty has unsettled investors and manufacturers.