FWT energy GmbH, headquartered in Waigandshain, Germany has submitted an application for opening insolvency proceedings regarding its assets on 21st of January, 2017 at District Court of Montabaur. On 23rd of January, 2017 the court appointed Mr. Alexander Römer, partner in the GÖRG Insolvency Administration, as the preliminary insolvency administrator.
Lawyer Römer is currently providing a comprehensive overview of the company's economic situation. During an employee meeting, the total 67 employees were informed by the Managing Director about the further steps. The business operations of FWT energy GmbH will be fully carried on for the moment. Management and provisional insolvency administration work closely together and have the common goal to maintain the company’s business permanently and lead the company into a secure future. In order to achieve this, constructive discussions with interested investors are currently being conducted. With about 70 employees, FWT energy GmbH has been manufacturing and selling onshore wind turbines of the 2, 2.5 and 3MW class since 2013. The salaries are currently secured through the insolvency compensations. The service, running separately under the FWT Service DE GmbH, is not affected by this insolvency.