The Gelsenkirchen-based group's operation and maintenance unit, Abakus Solar Service GmbH, also applied for preliminary insolvency due to the close financial relationship with its parent company, the group said.
The court has appointed Christoph Niering as the preliminary insolvency administrator for both companies.
Abakus Solar said its board of directors was "optimistic that both the engineering and the operation and maintenance business of the company can be continued after a swift restructuring." The company added that the salaries of its employees was secured.
The group said its U.K.-based subsidiary, Abakus Solar Manchester Ltd., continued trading and would continue to service all PV power plants it presently services in the U.K.
Founded in 1995, Abakus Solar referred to itself as an "international system house for photovoltaic" focusing on small to large scale projects. The company's core business included engineering and construction of PV power plants and providing operation and maintenance services.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.