Germany-based solar technology company BSH (BSH Hausgeräte), has filed for insolvency proceedings at the Schweinfurt District Court due to over-indebtedness.

The court ordered preliminary insolvency administration and appointed a provisional insolvency administrator.

BSH’s business operations are continuing during the preliminary insolvency proceedings. The administrator and his team are assessing the company’s financial position and holding discussions with business partners.

The company said preparations are underway to pre-finance insolvency payments for the coming months to cover wages for approximately 80 remaining employees.

The company also plans to contact customers to determine which planned projects can continue and be completed.

BSH attributed the insolvency filing to several factors, including a decline in demand from private customers starting in 2024. A restructuring plan developed and validated in 2025 included workforce reductions and cuts in fixed costs but did not achieve the intended results.

Bad debts associated with insolvent subsidiaries also affected the company’s balance sheet.

During its growth phase, BSH expanded its workforce to an average of 153 employees in 2025.

The company and the provisional insolvency administrator plan to begin seeking investors as part of the restructuring strategy to reposition BSH through the entry of an investor.

The company would explore the investor market for parties interested in BSH and continuing the business with its workforce.

The insolvency follows closely after ENERPARC AG filed a petition with the Hamburg Local Court to open insolvency proceedings. The group’s core business centers around developing and operating solar power projects and, marketing electricity.

During the first half of 2026, Germany commissioned 7.48 GW of solar projects and retired 84.3 MW, resulting in net additions of 7.39 GW. Solar remained the country’s largest source of new renewable energy capacity during the period. Germany added an estimated 1.27 GW of net solar capacity in June, compared with 1.30 GW in May and 1.29 GW in April.