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

Michael Bradley, founder and chief executive of Solar 21, would resign from his role in one of the schemes. Picture: Maura Hickey

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 ...