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FRANKFURT, April 9 (Reuters) – Indebted German wind turbine manufacturer Senvion said on Tuesday it was filing for insolvency but was also continuing to look at new funding options and various potential investors had shown interest.
The Hamburg-based company, which has more than a billion euros of debt, said it had applied for preliminary self-administration proceedings because refinancing discussions with lenders had not yet been successful.
Deutsche Boerse suspended trading in Senvion shares at 1145 GMT because an announcement from the company was pending. They were down 20.8 percent.
Senvion has faced delays and penalties related to big projects, while the wind industry as a whole has seen falling prices and increased c…
Read the full article at: https://www.reuters.com/article/germany-senvion/update-1-german-wind-turbine-maker-senvion-files-for-insolvency-idUSL8N21R4LB