April 9 (Renewables Now) – German wind turbine maker Senvion SA (ETR:SEN) is officially entering preliminary self-administered insolvency proceedings as refinancing talks have so far provenunsuccessful.
The company announced on Tuesday that Senvion GmbH has filed for self-administration proceedings to safeguard the transformation programme it launched in January. The proceedings also relate to subsidiary Senvion Deutschland GmbH.
According to the press statement, main shareholder Centerbridge and Senvions lenders and major bond holders are supporting the decision to file the petition. The debt-laden wind turbine manufacturer noted that full recovery continues to be the …
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