S.A.G. Solarstrom searching for new investors

Facebook
Twitter
LinkedIn
Reddit
Email

Insolvent German PV project developer, S.A.G. Solarstrom, has said it is seeking new investors as part of its restructuring plan will officially open insolvency proceedings on 1 March 2014.

The job of searching for investors has been placed in the hands of the international strategy consultancy, Roland Berger Strategy Consultants.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company also noted that as part of the self-administered insolvency proceedings, a restructuring plan would be presented to the courts at the beginning of March.

“The course of action so far has been proceeding as planned and is altogether characterized  by very constructive cooperation between the Executive Board and the temporary creditor committee” said, temporary trustee Dr. Jörg Nerlich. “I thus assume that the restructuring plan can be established with the agreement of all those involved”.  

“Our common goal is the continued operation of the company, if possible with its present structure,” added Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom. “Our four pillar business model has basically proven to be successful. However, plant construction requires substantial funding. For an investor, S.A.G. Solarstrom AG’s business areas offer attractive options in the long-term.”

Solarstrom filed for insolvency in December following cashflow and creditor difficulties, which were exacerbated by a pipeline of UK PV projects being cancelled.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA