Brokers whose clients invested in Solar 21’s under-pressure renewable projects have received legal advice that there is “insufficient information” to determine the best course of action going forward. Solicitors Crowley Millar wrote on June 12 to the Brokers Group of about 40 financial advisors whose clients are involved in Solar 21 setting out their concerns. This letter was sent after a communication from Michael Bradley, the co-founder of the company, asking investors to support a scheme of arrangement to restructure the company. The business hit the skids having raised £229 million (€240 million) in loan notes from Irish investors to…
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