Private
equity-backed
investor
Low
Carbon
Accelerator
(LCA),
which
has
sunk
£11.2m
($17.7m)
into
Proven
and
holds
an
81%
equity
stake,
says
it
expects
to
make
a
“substantial
or
total
write-down”
on
its
investment.
Proven
has
informed
LCA
that
due
to
a
“recent
and
acute”
technical
defect
discovered
on
three
of
its
P-35-2
turbines,
it
has
suspended
sales
of
the
model
and
advised
all
owners
to
immediately
shut
them
down.
LCA
says
that
as
a
result
of
the
defect
and
the
sales
suspension
“exacerbated
by
the
current
difficult
planning
environment,
Proven
is
now
incurring…
