EnergyWatch

Senvion secures breather

Operations seem able to continue for the moment after the insolvent wind turbine producer secured a special one-year credit facility with creditors and bondholders.

Photo: Senvion

Senvion has secured a bit more calm for its business. One week following the company filing for bankruptcy protection after failing to land a refinancing agreement, the German wind turbine manufacturer has now managed to secure a credit facility of EUR 100 million with its creditors and major bondholders, according to a press release by Senvion on Wednesday.

"This is encouraging news for all of us and of course for our transformation process. We have received a multitude of supportive reactions from our customers and suppliers and continue our close dialogue with them," says Chief Executive Yves Rannou in the statement.

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