In the summer, Fronius laid off a thousand employees because demand for inverters had come to a standstill and the number of bankruptcies among dealers of photovoltaic systems had gradually increased. Now it is happening to Cleen Energy AG: the company, specialized in customized energy solutions, will submit an application for restructuring.
Alfred Luger, one of the founders of Runtastic, owns a large number of shares in Cleen Energy AG; Projects have already been carried out at Donauwell Wellpappe GmbH in Naarn and also at Stadtbetriebe Steyr. A photovoltaic system for agriculture was to be built on an area of 100,000 square meters in the Pichling district of Linz on behalf of the non-profit project developer ÖSW, but now there is a big question mark behind the future of the company. in The Hague.
Because: the company, which describes itself as an all-round partner for energy efficiency solutions, is on the verge of bankruptcy. A request to open judicial restructuring proceedings without self-government will be submitted in the coming days, it is said.
Potential investors hesitated
After talks with key creditors failed, it is no longer expected that the necessary financing can be secured. This shows that the group’s high commitments cannot be reflected in current and planned sales and profit levels. Potential investors hesitated because of the debt burden and waited for a settlement, Cleen Energy AG said.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
