Sowitec Insolvency: Capcora Mandated to Advise on Sale of Wind Project Rights Totaling Around 32 GW

Frankfurt am Main – Capcora is coordinating the planned sale of the international wind project rights held by the insolvent Sowitec Group on behalf of the creditors' committee. The financial advisory boutique was awarded the mandate on the recommendation of insolvency administrator Dr. Holger Leichtle of law firm GÖRG and will serve as the central point of contact for potential investors throughout the M&A process.

An insolvency filing by a project developer does not necessarily mean the end of its projects. What matters is which project rights and other project foundations can be transferred to a buyer. One example is the process Capcora supported for insolvent Eno Energy GmbH, in which a German onshore wind development portfolio with a planned total capacity of around 1 GW was successfully transferred.

Wind Project Rights in Five Countries to Be Marketed

Sowitec Group GmbH and its subsidiaries Sowitec International GmbH, Sowitec Operation GmbH and Sowitec Projekt GmbH filed for insolvency with the Tübingen Local Court on July 14, 2026. According to the company, the filing was triggered by payment claims from a supplier and claims arising from existing guarantees, which management was unable to avert, nor could it secure a deferral. Sowitec has developed wind and solar projects since 1993, covering everything from site assessment to planning, permitting and commercial structuring. The portfolio now being marketed as part of the M&A process comprises wind project rights with a total capacity of around 32 GW across Germany, Argentina, Brazil, Colombia and Mexico, according to Capcora. Around 330 MW of this relates to Germany.

Capcora to Manage Bidding Process and Investor Outreach

Under the mandate, Capcora is responsible for preparing the transaction documentation, approaching investors, managing the bidding process, and supporting due diligence, commercial negotiations and contract discussions. According to Capcora, the goal is to consolidate investor communication and support the insolvency administrator and creditors' committee in preserving the value of the portfolio.

"This mandate brings together a complex insolvency situation and a sizeable international renewable energy portfolio," said Jochen Magerfleisch, Managing Partner at Capcora. "Our role is to provide clear process leadership, manage investor communication and help preserve value across the portfolio."

Capcora previously supported several transactions for the insolvency administration of the also-insolvent Eno Energy GmbH, including the sale of a roughly 1 GW wind development portfolio in Germany.

Source: IWR Online, 27 Aug 2026