Proven Energy in cash crisis

BusinessGreen staff
clock

Investor preparing to write off £11m investment in small wind manufacturer as company suspends sales after discovery of defect

Wind turbine manufacturer Proven Energy is thought to be facing a cash crisis following the discovery of "acute technical" problems with its flagship P35-2 model. The Scottish company issued a statement...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Wind

UK wind power capacity breezes past 30GW milestone

UK wind power capacity breezes past 30GW milestone

Completion of Viking Wind Farm means UK's combined onshore and offshore wind capacity is now capable of powering over 26 million homes, according to RenewableUK

Stuart Stone
clock 29 August 2024 • 5 min read
ESO charts course for Celtic Sea offshore wind project to connect to grid

ESO charts course for Celtic Sea offshore wind project to connect to grid

Electricity System Operator reveals initial plan to connect multi-gigawatt Crown Estate floating offshore wind scheme to the grid

Stuart Stone
clock 14 August 2024 • 4 min read
GreenPower and Railpen plot 66MW wind project in North Argyll

GreenPower and Railpen plot 66MW wind project in North Argyll

Clean energy developer and railway workers pension fund announce onshore wind joint venture in western Scotland

Stuart Stone
clock 13 August 2024 • 3 min read