Wind energy company eno energy files for insolvency - eno energy Files for Insolvency, 280 Jobs at Risk
eno energy GmbH, a wind farm developer based in Rostock and Rerik, has filed for insolvency. The company, which employs around 280 people, is facing financial difficulties due to a liquidity shortage. The Rostock District Court has appointed Hamburg lawyer Christoph Morgen as the provisional insolvency administrator.
eno energy's project pipeline has a total capacity of one gigawatt, with 400 megawatts already approved. However, the company is struggling due to approved projects tying up funds, strong competition affecting prices, and a supplier cancelling delivery contracts for rotor blades. Despite these challenges, the company continues to develop and sell wind farms, including its own wind turbines. Hamburg lawyer Cord Heuchert has been appointed as the provisional insolvency administrator for eno energy GmbH.
eno energy GmbH's insolvency filing comes amidst a challenging market environment for renewable energy companies. The company's future remains uncertain, with the insolvency proceedings set to determine its fate. Around 280 jobs are at risk, highlighting the potential impact of the company's financial struggles on the local economy.
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