Solar 21 agrees to provide more information to backers and brokers
The renewable energy firm has been delayed repaying around 3,000 Irish investors
A High Court hearing into a renewable energy firm which owes investors more than €250 million has been adjourned.
Solar 21, which has been delayed repaying around 3,000 Irish investors in its first energy-from-waste (EFW) plant, agreed to provide additional information after concerns were raised by lawyers representing backers and brokers.
The High Court heard this morning that Tom Murray, of Friel Stafford, was to be engaged to help provide investors with more information. This followed on from claims yesterday that inter-company lending done by Solar 21 was likened “a Ponzi scheme”.