Ferrostaal,
the
Essen-based
construction
and
engineering
group,
bought
a
25.1%
stake
in
Flagsol
from
Solar
Millennium
in
2009,
at
a
time
when
the
global
CSP
sector
was
on
the
rise.
But
Solar
Millennium
veered
into
bankruptcy
in
late
last
year
–
a
victim
of
the
financial
crisis,
as
well
as
falling
PV
prices
that
have
rendered
CSP
less
competitive
in
some
markets
–
leaving
its
administrator
with
the
herculean
task
of
unravelling
its
complex
array
of
projects
and
subsidiary
companies.
The
administrator
had
always
expressed
optimism
that
engineering,
procurement…
