Proceedings are set to be opened at the district court of Montabaur after the application was filed on 21 January 2017.
With some 70 employees, FWT energy has been manufacturing and selling 2MW, 2.5MW and 3 MW onshore wind turbines since 2013.
Recent business included supply to a 51MW project in Kalmykia, southern Russia, announced in July 2016.
This was followed by an EU-backed order won in September 2016 for supply, installation and service of a 2.5MW turbine with 85m hub height and 104m rotor diameter in Belarus, with commissioning scheduled for July 2017.
Business operations at FWT energy will continue while Alexander Romer, partner in the GORG Insolvency Administration and chosen by the court as preliminary insolvency admini…
Read the full article at: http://www.windpowermonthly.com/article/1422174/fwt-files-insolvency