North German wind park developer Prokon went bankrupt in January 2014. Now, in a gesture of commitment to a green energy future, its investors have voted to retain ownership by turning it into a ...
BERLIN (AP) -- Prokon, a German wind-energy financing company that attracted investors with promises of high returns, says it has filed for insolvency. The company said it made the filing Wednesday at ...
Prokon, a German financier, developer and operator of wind parks which financed itself via retail investors, has filed for insolvency, it announced on its website on Thursday. "Prokon Regenerative ...
German power company EnBW has moved closer to buying former domestic wind farm operator Prokon. The company made headlines globally last year when it went bust after promising too much to investors.
Prokon Regenerative Energien GmbH, a German clean-power developer, collected 1.4 billion euros ($1.9 billion) from investors seeking to profit from the booming wind industry. It may now have to file ...
German wind energy giant Prokon filed for insolvency on Wednesday, leaving tens of thousands of investors worried about their money. The company advertised itself as a safe bet offering eight percent ...
CFO says offer is final, won't be raised Bid is 100 mln eur lower than rival restructuring plan-CFO Won't have to approach capital markets to fund bid - CFO (Adds CFO comments, further details on bid) ...
German politicians are vowing tougher laws to protect investors following the collapse of a wind farm company that exposed investors to potential losses of €1.4 billion ($1.9 billion). Chancellor ...
GE Vernova Inc. (NYSE: GEV) has signed a deal with German cooperative Prokon Regenerative Energien eG to repower a wind farm in Fleetmark, Saxony-Anhalt, with eight of its 6MW-164m onshore turbines ...
Simply sign up to the European companies myFT Digest -- delivered directly to your inbox. A German renewable energy developer that raised nearly €1.4bn by selling “profit-participation certificates” ...
FRANKFURT, Jan 22 (Reuters) - German wind park group Prokon, which had raised 1.4 billion euros ($1.9 billion) mainly from retail investors, has filed for insolvency, a court in the north German town ...