As recently as February 2026, the company was out there signing deals. A new power purchase agreement with Hankook Tire. Existing contracts with Nestle, Cargill, Mars, and Auchan. A solar pipeline of over a gigawatt under construction in Poland. ***** ody looking at it from the outside would have seen what was coming.
Three months later it had €1.1 million in the bank and $952 million in debt. On May 29, 2026, GoldenPeaks Poland Holding and 39 affiliated entities walked into the U.S. Bankruptcy Court for the Southern District of Texas and filed for Chapter 11, according to Bloomberg Law.
What brought the company down started with a subsidiary. Spectris Energy was a wholly owned affiliate that handled engineering, construction, and day-to-day operations across GoldenPeaks' entire Polish solar portfolio.
In January 2026, Spectris ran into trouble of its own. Rising component costs, higher interest rates, and currency swings pushed it into remedial proceedings in a Warsaw court. Polish tax authorities froze its bank accounts. Suppliers walked. Spectris went dark.
GoldenPeaks had no employees of its own. Construction, operations, accounting, financing, land leasing, all of it ran through affiliated companies. When Spectris collapsed, GoldenPeaks had ***** ody left to run its solar farms.