European solar energy company insolvencies

The solar energy sector is experiencing financial instability, evidenced by insolvency filings from major companies in Europe.

In Spain, Enerside filed for voluntary insolvency proceedings after failing to reach restructuring agreements with creditors or secure capital to stabilize its balance sheet. The company faced high debt, including a credit line with a 15% fixed interest rate, and reported losses of nearly 14 million euros at the end of 2025. This filing led to the suspension of its trading on BME Growth and the initiation of redundancy procedures for its employees in Spain.

Similarly, in Germany, Energiekonzepte Deutschland GmbH (EKD) filed for insolvency with the Leipzig District Court. The insolvency affects six of the group’s seven companies, following a decision by its owner, the London-based investment firm Pemberton, to cease further funding. The Leipzig-based provider, which has installed over 45,000 systems, specializes in intelligent energy management, including solar systems, power storage, and wallboxes.

Prof. Dr. Lucas F. Flöther has been appointed as the preliminary insolvency administrator. He intends to continue business operations for all companies during the preliminary proceedings while exploring restructuring options and potential investor solutions. The insolvency affects approximately 400 employees, though their wages are secured for three months through insolvency money.