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Environment

Brookfield Is in Fight Over Solar Firm Where Cash ‘Evaporated’

Bloomberg Markets Friday 26 June 2026, 16:52 UTC By Donal Griffin, Silas Brown, Irene Garcia Perez 1 min read
Key Points

Brookfield Is in Fight Over Solar Firm Where Cash ‘Evaporated’ Joh. Berenberg, Gossler & Co. KG and Brookfield Asset Management Ltd. are battling over the future of GoldenPeaks, an energy company staring at collapse after borrowing $1.5 billion for European solar-power projects. Some GoldenPeaks entities filed for Chapter 11 in the US last month, with Brookfield since agreeing to provide a bankruptcy loan that amounts to more than $250 million, legal filings show.

Brookfield Is in Fight Over Solar Firm Where Cash ‘Evaporated’ Joh. Berenberg, Gossler & Co. KG and Brookfield Asset Management Ltd. are battling over the future of GoldenPeaks, an energy company staring at collapse after borrowing $1.5 billion for European solar-power projects. Some GoldenPeaks entities filed for Chapter 11 in the US last month, with Brookfield since agreeing to provide a bankruptcy loan that amounts to more than $250 million, legal filings show. Berenberg has objected to the bankruptcy filing and the new loan, accusing Brookfield of trying to “jump ahead of structurally senior creditors” and “secretly establishing U.S. jurisdiction over these Chapter 11 petitions,” a June 25 court document shows.
Brookfield (LOCATION) Joh (PERSON) Berenberg (PERSON) Gossler & Co. KG (ORG) Brookfield Asset Management Ltd. (ORG) GoldenPeaks (ORG) European (ORG) US (LOCATION) U.S. (LOCATION)
Originally published by Bloomberg Markets Read original →

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