Another Wind Energy company bankrupt. Sad, for those who have to pay the bill. The bill being the extremely high electric rates in Germany (and coming here soon). To listen to the drones, one would think there is a profit in Wind Energy, and I guess they are right, select investors are paid off early with profits from selling tax credits and the subsidies.
Windreich files for bankruptcy
As experts have feared for some time, Windreich GmbH is insolvent. The largest German offshore wind farm developer submitted an application for self-administered insolvency at the end of last week.
Windreich files for bankruptcy