Internal rows at OpenHydro faces into liquidation Protected disclosure made by five key managers

29th July, 2018
OpenHydro’s French shareholder Naval Energies sought the liquidation of the tidal energy firm last week

OpenHydro, the tidal energy business that collapsed last week, has been embroiled in a series of internal disputes over the past two years, with five key managers making a protected disclosure over the running of the company in the days leading up to its liquidation.

Documents seen by this newspaper also reveal the scale of the company’s financial woes, with the OpenHydro group recording a loss of €161 million in 2017, and internal projections stating...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing