UK medium wind turbine fabricator Endurance Wind Power has gone into administration following the collapse of its Canadian parent company.
Grant Thornton has been appointed administrators of Endurance Wind Power (UK) Limited and Endurance Energy Mftg (UK) Limited following the announcement, which was first reported in the subscriber-only newsletter reNEWS.
The companies are wholly-owned subsidiaries of British Columbia’s Endurance, which filed for bankruptcy on 1 November with debts said to be in the region of C$17m.
Sources said caps and cuts to UK feed-in tariffs were the primary reason for the turbine fabricator going into administration.
UK sales accounted for up to 90% of Endurance’s revenue, which led the company to open in 2014 a factory in Hartlebury in Worcestershire, recruiting more than 50 employees.
The medium wind outfit shipped its last 225kW X-series turbine from the UK factory last month and has since ceased production.
It is understood Endurance Wind Power’s 45 employees have been retained, but have been given leave pending further developments.
Grant Thornton partner Sarah O’Toole said: “At this stage we are exploring all options, we are hoping to achieve going concern sales of the businesses and in doing so preserving jobs for the employees.
“In the meantime, it is a priority for the wind turbines across the UK to remain operable and we are working with the employees and the Canadian receiver to ensure this happens.”
Image: former climate change minister Greg Barker (left) opens the Hartlebury factory (Endurance)
