The Erlangen-based firm, which has denied all charges of malfeasance, brought on auditor Deloitte to dig through its books and examine the consolidation practices pertaining to its financial statements over the past five years.
Deloitte reports that, with one exception, Solar Millennium’s reports have been consistent with International Financial Reporting Standards.
The only outstanding problem relates to its sale of a 50% stake in the Andasol 3, which should have been included in the 2008-2009 statement, rather than the 2005-2006 statement.
