Saturday June 6, 2020

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...

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