The move comes as only some 40,000 out of 75,000 of the company's investors had adhered to a call by Prokon not to sell securities in the company to avert an insolvency.

The court has named Mr. Dr. Penzlin as temporary insolvency administrator.

Prokon claims to operate 54 wind parks with a total of 314 turbines in Germany and Poland. It has also been developing its own 3MW wind turbine, the P3000.

Prokon