On Monday, the Hamburg District Court opened preliminary insolvency proceedings for German PV project developer Enerparc AG. According to the court’s official notice, attorney Stefan Denkhaus of law firm BRL was appointed preliminary insolvency administrator. The proceedings secure employees’ wages for a period of three months.
Based on currently available information, the insolvency filing affects only Enerparc AG, and not its subsidiaries or project companies. Enerparc employs just under 700 people. In recent years, the company has developed around 500 photovoltaic projects with a combined capacity of approximately 5.5 GW in Germany and other markets. Of this capacity, 3.8 GW is already connected to the grid, with some of the projects held in Enerparc’s own portfolio.
Enerparc secured €1 billion ($1.18 million) in financing this spring to support the further expansion of its photovoltaic and battery energy storage portfolio. The financing package comprised a €500 million junior loan and a long-term project financing facility initially worth €425 million, with the option to increase it to as much as €500 million through an accordion facility.
The court’s insolvency notice did not initially provide details on the reasons for the proceedings.
Later that day, Denkhaus said he and his team were already on site to brief Enerparc employees. He said the immediate priority was to stabilize business operations and the companies concerned.
Denkhaus did not rule out further insolvency filings by sister companies, although he said it was too early to make a definitive assessment.
“The insolvency proceedings began today. I am already holding initial talks with the management board, the company’s advisers and the financiers to stabilize the company,” Denkhaus said.
The day after preliminary insolvency proceedings were opened for Enerparc AG, its energy marketing subsidiary, Sunnic Lighthouse, said it was continuing operations across all business areas, including direct marketing, electricity supply and energy trading.
“Sunnic Lighthouse is continuing its business operations across all areas – from direct marketing and electricity supply to energy trading,” the company said.
Managing Director Arved von Harpe described Sunnic Lighthouse as “an independent and commercially successful business with an established business model.”
“Our operations remain stable; we are reliably supplying our customers with electricity and continuing our collaboration with plant operators and trading partners as usual,” he said.
According to the company, Sunnic Lighthouse has generated positive cash flow and maintains solid short- and long-term business prospects. It markets electricity from Enerparc’s photovoltaic and battery storage assets, as well as from third-party wind farms, representing more than 4.8 GW of installed capacity. Von Harpe said all facilities continue to supply electricity as normal.
This article was updated on Sept. 8, 2026, to include information from the preliminary insolvency administrator and Sunnic Lighthouse, and to correct details regarding projects developed by Enerparc.
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