Solar energy
Nov 26th 2015 | 3:57 am
#1
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Joined: Feb 2007
Posts: 10,759
From: Land of no recession
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 PAÃS
Abengoa insolvency: Abengoa on verge of largest bankruptcy filing in Spanish history | In English | EL PAÃS
Nov 26th 2015 | 7:01 pm
#2
Started off with nothing
Joined: Feb 2009
Posts: 4,987
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 26th 2015 | 8:43 pm
#3
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Joined: Aug 2008
Posts: 17,507
From: On Top of the World
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 PAÃS
Abengoa insolvency: Abengoa on verge of largest bankruptcy filing in Spanish history | In English | EL PAÃS
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 26th 2015 at 8:47 pm. Reason: Add on
