business

Solar 21 spent less than 50% of allotted funds on EFW plant, says accountant

Remaining money earmarked for proposed energy from waste plant went on management fees or project fees to related companies, according to Barry Robinson

Solar 21, a Dublin-based firm founded by brothers Michael and Andrew Bradley, had been developing an EFW plant in Melton, East Yorkshire

Less than half of the money troubled firm Solar 21 said was invested in a now-scrapped energy from waste plant was spent on constructing the project, an accountant has claimed in a new report.

Barry Robinson of BDO, who was appointed by a group of 32 brokers, said a figure of over £17 million, which had been cited by Solar 21 as the amount invested in an energy from waste (EFW) plant, was “not an ...