LOCATION/TYPE

NEWS HOME

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Archive
RSS

Add NWW headlines to your site (click here)

Get weekly updates

WHAT TO DO
when your community is targeted

RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Ambau files for bankruptcy 

Credit:  February 18, 2019, by Adnan Durakovic, offshorewind.biz ~~

German manufacturer of wind turbine towers and foundations Ambau has filed for bankruptcy at the Cuxhaven district court.

The main reason for the bankruptcy filing is reportedly insolvency due to the lack of orders.

Ambau currently employs around 350 people at two locations in Cuxhaven and Gräfenhainichen.

The Cuxhaven district court has appointed provisional bankruptcy trustees which will focus on securing the continuation of production based on the existing order backlog, and developing solutions for the future. The company is also actively searching for new investors.

The wages and salaries of the employees are secured by bankruptcy funding for an initial three months.

The last offshore orders the company received were for the Nordergründe, and Nordsee One projects back in 2015.

Ambau, a specialist in manufacturing foundation structures for offshore and onshore wind farms, as well as turbine towers, was involved in a number of other offshore wind projects, including EnBW Baltic 2, SeaAngel, Meerwind Süd / Ost, Thornton Bank, Bard Offshore 1, and others.

Source:  February 18, 2019, by Adnan Durakovic, offshorewind.biz

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Paypal
(via Paypal)
Donate via Stripe
(via Stripe)

Share:

e-mail X FB LI TG TG Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon