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#Prokon news update#
Wolff Group Holdings plc is pleased to share a news update which highlights key.
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Prokon currently operates 340 wind power plants in Germany and Poland with a capacity of 600 Megawatt, supplying roughly 30,000 households with energy in the region. Together with PROKON, we will realize this project that includes four. Rodbertus refused to comment on the development and ongoing investigations into the company he founded. The public prosecutor's office was unable to provide further information due to its classified nature. However, the spokesperson also noted that judicial proceedings were still underway against three former Prokon directors. Prokon has been run as a cooperative with almost 40,000 members since officially being declared bankrupt. At that point, the company had convinced 75,000 investors to purchase profit participation rights worth 1.4 billion euros (1.67 billion U.S. The decision comes more than three years after the insolvency of Prokon in May 2014. The public persecution office reached the conclusion that the controversial wind energy company did not amount to a pyramid scheme, a spokesperson confirmed.Īlthough Prokon only generated at best half of the returns with which it had originally lured investors, the wind parks could still be considered to offer long-term yields. 6 (Xinhua) - Public prosecutors in the German city of Luebeck have closed their investigation into Prokon-founder Carsten Rodbertus for fraud and embezzlement on Wednesday.