Solar energy
 

Abengoa on verge of largest bankruptcy filing in Spanish history

Abengoa insolvency: Abengoa on verge of largest bankruptcy filing in Spanish history | In English | EL PAÍS

Re: Solar energy
 

Hm........ not good. It really is Black Friday for those 27,000 employees. If or as seems they default on debts, it will no doubt have a knock on to those businesses supplying goods and services to them.

Re: Solar energy
 

You beat me to it Fred, I nearly posted it myself yesterday.
8.9 billion in debt !
Makes you wonder how things could have got to that stage, especially in an industry which seems to be the in thing at the moment.
I wonder if demand has already passed its peak or if the the govts punitive taxation policy regarding solar energy has had a negative effect.

On the other hand, Spain being Spain, I wonder if there's a few bob been siphoned off for a rainy day and squirrelled away somewhere.