Feb 27, 2026
3 min read
(BFM Bourse) - The commercial court of Orléans announced on Wednesday, February 25, the suspension of the services of the electrician ...
(BFM Bourse) - The Orléans Commercial Court decided on Wednesday, February 25, to definitively terminate the activity of the renewable energy specialist.The Commercial Court placed the company in liquidation on January 23.
Vergnet has officially breathed his last.On Wednesday, February 25, the Commercial Court of Orléans announced the final suspension of the activity of the specialized renewable energy company.
The Orléans Commercial Court placed the company in liquidation on January 23, with activities continuing until March 31 to find a buyer.The deadline for submitting bids is February 20.
However, neither a client nor a profitable offer tipped the scales for Vergnet.The fate of the group, known for its "foldable" wind turbines for extreme hurricane areas, was sealed.These units are unique and can be folded up during storms and are good, due to their size and weight, for transport to difficult areas.
The dissolution of the judiciary and its cessation took effect on Wednesday.
"It's a big adventure that ends badly, and it's stupid, because I believe in the market, it's a company that has gone into the hands of financiers who have no industrial vision. My first thought goes to the company's employees," says ICI Orleans, Marc Vergnet, founder and former manager, who was deeply affected by the news until 2012.
Model failure
Founded in the late 1980s, the Renewable Energy Group nevertheless entered Euronext Growth's predecessor, Alternext, through the front door in June 2007.
The company has gone public with ambitions to accelerate high-capacity wind turbines capable of withstanding cyclones in this emerging market.Demand from individuals for the wind turbine maker's IPO was the largest by volume since Alternext launched, 22 times the initial offering.
But after four months, the group ran into obstacles and revised its targets for 2007 due to unexpected activity in the second half of the year.
Over the years, the group has faced a series of financial disappointments, a situation attributed to the commercial failure of the "GEV HP" series, i.e. Vergnet high-powered wind generators.The company has stopped marketing the 1 MW HP GEV, which calls into question its growth strategy and plans.
"Equity Line"-Ekin Perfusiopian
In the early 2010s, Vernier's financial position was more than precarious.At the end of December 2011 the company was indeed in a position with less than half of the share capital and significant difficulties called into question the continuation of the group's activities in the last quarter of 2012.
The company has tried to break ground by working on high-capacity wind turbines with the Vergnet project, wind-diesel and diesel hybrid equipment, and solar electrification for rural applications (water pumps) or for industry and commerce.In early 2011, a strategic investment fund took a stake in Vergnet Group along with Nass & Wind Group, albeit without much success.
In the 10 years after the IPO, the group's annual operating results were positive only twice, in 2014 and 2015, and the company eventually incurred an operating loss of approximately 50 million euros, recalls an independent report prepared as part of the capital raising exercise in 2018.
In 2017, the company went into receivership and was subsequently taken over by the Arum International Consortium as a continuing project.However, the group has survived only under an injection of financing agreements.The deals allow troubled companies to quickly raise capital, but usually at the cost of significant dilution to shareholders.Financial intermediaries wish to sell the shares acquired through these products in the market.
The project has never escaped its position as a "penny hand" - these plans that act under the symbolic euro - which have been stuck since 2012, despite the joint work done at the beginning of 2026.The list of articles was suspended on January 26 at a price of 0.12 euros after the announcement, will not start again.
Get all the information about VERGNET in real time:
By "pushing" on your mobile with the BFM Bourse application
