Last week Solarstrom issued a profit warning for 2013,stating that “advanced stage” negotiations regarding its pursuit of a “three-digitMW range” project pipeline had been delayed – meaning it would be unable tocomplete any of the projects this year as hoped.
But Solarstrom has followed up by saying that thenegotiations have collapsed altogether.
The reason, the company acknowledges, is its own failure tostump up the “disproportionately high” down payments and performance bonds demanded by its negotiating partner inadvance of the projects entering construction.
“The
