Business · Companies · 13 hrs ago
Next2Sun seeks insolvency proceedings for two subsidiaries
Next2Sun, a solar company based in Dillingen, Germany, has sought self-administered insolvency proceedings for two subsidiaries.
The filings concern Next2Sun Technology GmbH and Next2Sun Mounting Systems GmbH, and were submitted to a court in Saarbrücken on October 5.
Next2Sun is known for agrivoltaics, which combines solar power generation with farming on the same land.
The company’s chief executive says a European Union approval for a farming-related solar subsidy has not arrived, despite the subsidy being approved in Germany in 2024.
Next2Sun says orders fell and revenue halved in a year.
A planned funding round also failed after two major investment commitments were not sufficiently secured.
The proceedings do not currently include the parent company or another subsidiary, and ongoing projects are expected to continue.
The group is looking for investors, while about 140 employees face uncertainty and job cuts have not been ruled out.
Next2Sun has filed for insolvency proceedings under self-administration for two subsidiaries.
The applications for Next2Sun Technology GmbH and Next2Sun Mounting Systems GmbH were filed on October 5 at Saarbrücken District Court.
Managing director Sascha Krause-Tünker blamed the lack of EU approval for an agricultural solar subsidy, saying orders fell and revenue halved in a year.
The immediate trigger was a failed capital-raising round, after two major investment commitments were deemed insufficiently secure.
Next2Sun AG and Next2Sun Projekt GmbH are not currently included, and ongoing projects are due to continue.
- Who
- Next2Sun Technology GmbH and Next2Sun Mounting Systems GmbH, subsidiaries of solar company Next2Sun.
- What
- They applied for insolvency proceedings under self-administration.
- When
- The applications were filed on October 5, 2026.
- Where
- At Saarbrücken District Court in Germany.
- Why
- The company cited a failed capital round as the immediate trigger and a delay in EU approval for an agricultural solar subsidy as a main cause of its financial crisis.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The company had received subscriptions and financing offers worth more than five million euros.
Next2Sun declared its capital-raising measure unsuccessful.
The two subsidiaries filed for insolvency proceedings under self-administration at Saarbrücken District Court.
The report said the applications had been filed and described the company’s financial difficulties.
- Subsidiaries
- Next2Sun Technology GmbH; Next2Sun Mounting Systems GmbH
- Court
- Saarbrücken District Court
- Capital offers
- More than five million euros
- Employees
- Around 140 across Germany, Austria, Poland and Japan
- Other group companies
- Next2Sun AG and Next2Sun Projekt GmbH are not currently included
Sources
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