Windreich is far from transparent and disclosed precious little about its finances. But a raid on its headquarters ordered by public prosecutors earlier this year following suspicions of balance sheet manipulation cast serious doubts on the developer’s financial strength.
Windreich has very attractive assets in German offshore wind – among them the 400MW MEG I project that is close to a final investment decision – so it may not be too difficult for the company to sell itself, either as a whole or in parts.
Whatever
