Irish investors in €250 million energy project told they may only get 12% return
An update to brokers has said a higher return would be achieved if the firm is not liquidated
Irish investors who are owed more than €250 million from a renewable energy firm have been told they may face the prospect of recouping only 12 per cent of their money in the event of an immediate liquidation.
Solar 21, which has delayed repaying 3,000 investors in an energy from waste (EFW) plant, issued an 8-page update to brokers this afternoon which recommends two schemes of arrangement it claims could recover up to 80 per ...