Insolvency Catches Up With the British Owner of Solara4, Portugal's Largest Solar Plant at Alcoutim
Welink Energy Portugal 2 UK Limited, which holds the roughly 220 MW plant in the eastern Algarve, has entered insolvency after output came in below forecast and Iberian wholesale prices fell. Investec and Kommunalkredit are owed about €64 million; the Chinese builder claims €143 million.