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

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Mr Justice Denis McDonald also temporarily blocked investors from instituting legal proceedings against Solar21 unless they apply to court with 24 hours notice

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 ...

 

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Energy firm that owes €250m to investors files High Court proceedingsSolar 21, which has been delayed repaying 3,000 Irish investors in its first energy-from-waste plant, has filed as part of an attempt to approve a scheme it says could repay 80 per cent of the funding
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