Solar energy
Nov 26th 2015, 3:57 pm
#1
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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
Abengoa insolvency: Abengoa on verge of largest bankruptcy filing in Spanish history | In English | EL PAÍS
Nov 27th 2015, 7:01 am
#2
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Posts: 4,944
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.
Nov 27th 2015, 8:43 am
#3
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Posts: 17,507
Re: 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
Abengoa insolvency: Abengoa on verge of largest bankruptcy filing in Spanish history | In English | EL PAÍS
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.
Last edited by Dick Dasterdly; Nov 27th 2015 at 8:47 am. Reason: Add on
