GreenAkku sells PV and storage systems to private and commercial customers.
Image: GreenAkku
The German provider of PV and storage systems Bosswerk GmbH & Co. KG is bankrupt.
The company, which has operated the GreenAkku online shop since 2010, filed for bankruptcy at the Krefeld District Court on July 24. The judges appointed Joachim C. Mohlitz, a partner at the Düsseldorf-based law firm Görg Partner, which specializes in restructuring, as the provisional liquidator.
Bosswerk justifies the need to file for bankruptcy with the “turbulence on the solar energy market” that would also affect large companies. “The bankruptcy filing is due to a decline in sales that can be traced back to the dramatic drop in the price of solar technology,” the report continued. Measures to increase efficiency were not implemented quickly and consistently enough. “This structural imbalance ultimately caused the established business operations of Bosswerk GmbH & Co. KG got into trouble.”
Business activities must continue during the provisional insolvency proceedings. The wages and salaries of approximately 100 employees are guaranteed for three months by the bankruptcy benefit. Bosswerk sells PV and storage systems to private and business customers via its online platform GreenAkku. The restructuring measures already underway must be continued in order to achieve the financial stabilization of the company and find a viable solution for the future.
The common goal of the provisional liquidator and management now is to smoothly continue business operations and secure the restructuring measures already initiated in order to achieve sustainable financial stabilization and find a viable solution for the future.
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