Irish investment body paused fundraising to conduct financial due diligence

Wealth Options Capital, which distributes investment for renewable energy firm Solar 21, paused fundraising for reasons related to delays repaying investors in a previous project

Michael and Andrew Bradley, founders of Solar 21: Last year, Solar said it had begun a disposal of assets and hired experts from Alvarez and Marsal to help it ‘identify the options available’ to provide a return to investors

An Irish investment distributor which raised nearly €100 million for a planned renewable energy plant in Britain paused fundraising for ten weeks last year to conduct financial due diligence.

Wealth Options Capital (WOC), which acts as a promoter and distributor of investment for Solar 21, a Dublin-based renewable energy firm, confirmed that fundraising has since resumed.

The reason for the pause in fundraising, which sought money to develop an energy from waste (EFW) plant known as “project 2”, was related to ongoing delays in repaying investors of Solar’s first energy from waste plant.