Energy firm that owes €250m settled with investor after threat to wind up company

An energy from waste firm which owes more than €250 million to investors settled with a loan note holder to scupper a recent “threat” to wind up the company, its chief executive has said in court filings.

Michael Bradley, head of Solar 21, which has been delayed repaying 3,000 Irish investors in its first energy-from-waste plant, revealed the detail in an affidavit filed with the High Court as part of his company’s attempt to ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

businessposthq /  🏆 8. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy firm that owes €250m settled with investor after threat to wind up companyMr Justice Denis McDonald also temporarily blocked investors from instituting legal proceedings against Solar21 unless they apply to court with 24 hours notice
Read more »