ABO Energy has reached a standstill agreement with creditors under its key financing arrangements, giving the renewable energy developer time to draw up a restructuring plan as it grapples with sharply deteriorating market conditions.
The company said it now expects an annual loss of around €170m for the 2025 financial year, following downward revisions to its earnings outlook in November 2025 and January 2026. ABO Energy attributed the loss to altered market conditions that have led to special write-downs, revenue shifts and lower developer margins across renewable energy projects.
Management has launched a transformation and efficiency programme with support from external consultants, aimed at adjusting the cost base to the new environment.
“We have already identified and in part also implemented numerous measures to adjust our cost structure to the changed market environment. This will most likely include a corresponding reduction in personnel,” managing director Alexander Reinicke said.
“We have set the course for a fresh start and will work to return ABO Energy to its position as a financially successful contributor to the energy transition as quickly as possible,” he added.
Hübner Management will accompany the restructuring, with Britta Hübner leading a chief restructuring officer team to support the process.
ABO Energy said implementation of the restructuring concept will require backing from holders of its 2024/2029 bond. The company plans to convene a vote without a meeting, asking bondholders to waive the bond’s negative pledge clause, and said lawyer Andreas Ziegenhagen is to be appointed as joint representative to enable the bond to join the standstill agreement.
“We ask our bond creditors to support the company’s restructuring efforts and thereby help ensure – also in their own interest – that ABO Energy will continue to be able to meet its interest and repayment obligations in the future,” Reinicke said.
Documents for the bondholder vote are expected to be published on the company’s website from 1500 CET on 26 January, following the notice of meeting in Germany’s Federal Gazette.
ABO Energy added that it holds a development pipeline of around 30GW of wind, solar and battery projects, with more than one third located in Germany and France. A digital information event for bondholders is scheduled for 5 February 2026 from 1800 to 1900 CET.
