Econcern was an international holding company, consisting of five operating companies: Ecofys, Evelop, Ecostream, Ecoventures and OneCarbon. These companies delivered solutions for renewable energy (

solar energy Solar energy is radiant light and heat from the Sun that is harnessed using a range of technologies such as solar power to generate electricity, solar thermal energy (including solar water heating), and solar architecture. It is an ...

wind energy Wind power or wind energy is mostly the use of wind turbines to generate electricity. Wind power is a popular, sustainable, renewable energy source that has a much smaller impact on the environment than burning fossil fuels. Historically, ...

bioenergy Biomass is plant-based material used as a fuel for heat or electricity production. It can be in the form of wood, wood residues, energy crops, agricultural residues, and waste from industry, farms, and households. Some people use the terms biom ...

) and

carbon credits A carbon credit is a generic term for any tradable certificate or permit representing the right to emit a set amount of carbon dioxide or the equivalent amount of a different greenhouse gas (tCO2e). Carbon credits and carbon markets are a compo ...

, with a mission to "ensure a

sustainable energy Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs". Most definitions of sustainable energy include considerations of environmental aspects such as green ...

supply for everyone". Econcern employed 1,200 professionals in over 20 countries across the world.

Bankruptcy

In May 2009 Econcern filed for Dutch Chapter 11 for suspension of payments, the first step towards bankruptcy, after it failed to agree on refinancing terms on a €150 million corporate loan which matured on 1 April 2009. An administrator was appointed by a Dutch court to work with the board to try to identify new financing solutions. At stake were assets under development, such as the

Belwind The Belwind Wind Farm is located on Bligh Bank, from the Belgian port of Zeebrugge, and has been built in two phases. It has a 330 MW production capacity and an estimated annual output of 1.1 TWh. Phase 1 had a 165 MW production c ...

and Gode Wind I offshore wind farms, as well as operational assets, such as Q7. The company went bankrupt in Q3 2009.

References

External links

* Article on creation of Econcer
new corporate visual identity
presented on Malta in September 2008 Defunct companies of the Netherlands {{netherlands-company-stub