EnergyWatch

Senvion chief: The major wind turbine manufacturers are watching us

Competitors of what is probably Senvion's most attractive business division are smelling blood, while project developers are obliged to pay the German company's subsuppliers to install wind turbines. Despite its application for bankruptcy protection, interest in the manufacturer remains large, says CEO.

Photo: Senvion

Senvion's future remains unclear. Even though the German wind turbine manufacturer closed the widest gaping hole in its finances last week, with a short-term loan of EUR 100 million, it has not yet annulled its application for bankruptcy protection submitted in early April.

The company is still working on finding a long-term solution – a focus the producer made clear last week, when it cleared out Senvion S.A.'s entire board of directors to make space for an interim board staffed by three consultants led by Eugene Davis, a specialist in handling turnarounds, mergers and acquisitions.

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