German wind turbine manufacturer eno energy has initiated bankruptcy proceedings, according to documents published this week by the Rostock District Court in Mecklenburg-Vorpommern state.
The filings reveal that eno energy and its service and maintenance subsidiary, eno energy systems, have entered insolvency, with Christoph Morgen of Hamburg law firm Brinkmann and Partner appointed as provisional insolvency administrator.
Eno energy, headquartered in Rerik, produces onshore wind turbines ranging from 2MW to 6MW. Earlier this year, the company secured long-term syndicated financing from a consortium of German banks, supported by 80% default guarantees from the Federal Republic of Germany, Mecklenburg-Vorpommern, and Saxony.
The company employs approximately 300 people across six sites in Germany, including production facilities in Rostock. Founded in 1999, eno energy began developing wind turbines in 2005 and installed its first unit in France in 2008.
The insolvency marks a significant setback for the firm, which had sought to expand its footprint in the competitive onshore wind market.
