German wind turbine maker Fuhrländer files for bankruptcy

German wind-turbine manufacturer Fuhrländer has filed for bankruptcy, claiming that delayed projects among its customers have left it in a position where it can no longer cover its bills.

Fuhrländer has applied to self-administer its own insolvency proceedings, and says it has been in touch with all its major business partners to “ensure the continuation of the company”.

Based in the west German state of Rhineland-Palatinate, Fuhrländer says it will not immediately make any staff reductions – having already slimmed its headcount earlier this year as part of a strategic overhaul.

In May a consortium known as Windgrösse – controlled by Ukrainian investor Maxim Efimov, and with ties to Russian nuclear giant Rosatom – acquired 80% of Fuhrländer.

Almost immediately the Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge 40 40 Magazine


Recharge Monthly Magazine

Recharge App


Download the Recharge Mobile App
Get the free Recharge subscriber app on your device running iOS or Android.
Read Recharge anytime and anywhere.
Recharge IOS App

Media pack 2014


Download the 2014 Media pack
Recharge is a must-read for anybody wanting to stay abreast of renewables and puts advertisers at the heart of current debate. Media pack 2014
Media Pack 2014