Tag Archives: econcern
Silicium de Provence bankruptcy costs Solon $75m
Solon says it recorded a €52m ($74.7m) write-down in the second quarter on its SilPro investment, after predicting a €40m hit back in April. SilPro, based in Saint Auban, has been in administration since April 2009. Solon blames the collapse of SilPro on the financial climate, which prevented the firm from getting loans. Solon was [...]
Econcern sells solar wing Ecostream to Eneco
Netherlands-based power utility Eneco has clinched a deal to purchase Ecostream, the solar-energy arm of failed Dutch renewables company Econcern, which became insolvent at the end of May. The move will spare jobs and allow Ecostream to continue with “business as usual”. Eneco has slowly been acquiring chunks of Econcern’s operations since the company’s troubles [...]