After 18 months of waiting, backers finally get an update about renewable energy project
After nearly 18 months of waiting, Irish investors who are owed more than €250 million for a renewable energy project had the fate of their investment laid bare in an update issued last week.
Solar 21, which has been delayed repaying 3,000 investors, issued an eight-page document to brokers late on Friday warning the increasingly nervous backers that if they push for an immediate liquidation of the company they may recoup only 12 per cent.
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