European Solar Firm GoldenPeaks Poland Files for Chapter 11

European renewable energy firm GoldenPeaks Poland LLC files for Chapter 11 in Houston, Texas on Friday, according to bankruptcy papers.

• The filing lists $1 billion-$10 billion in estimated assets and $500 million-$1 billion in estimated liabilities
  • The representative of debtor is independent director Jame Donath
  • GoldenPeaks Capital, founded by Adriano Agosti, owns and operates solar systems in Poland and Hungary
• Last year, GoldenPeaks signed virtual power purchase agreements in Poland with Mars and Cargill, as the American food producers sought to reduce their emissions, according to a press release
  • The company also obtained a €114 million senior financing ...