The renewable energy firm has been delayed repaying around 3,000 Irish investors
A renewable energy firm which owes investors more than €250 million has been likened to “a Ponzi scheme”, the High Court has heard.
The allegation emerged in a case concerning approval for a scheme of arrangement being sought by Solar 21, which has been delayed repaying around 3,000 Irish investors in its first energy-from-waste plant. By issuing loan notes, an unregulated product, Solar raised nearly £210 million for this project, which investors ...
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