Millions of Pounds at Linz's Solar Company

Kronen Zeitung

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Another company had to file for bankruptcy on Friday. This time, Sun Contracting Austria GmbH and its four subsidiaries met. In total, almost EUR 47 million of liabilities are not even compared to 17 million euros of assets. 33 employees are affected. The Sun Contracting Austria GmbH group of companies states that economic deterioration, partly negative electricity prices, high interest rates and inflation are the reasons for its insolvency appl…

Report24

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Again, a green flagship company with millions of debts is falling into bankruptcy. The business model did not go up despite subsidies. Another bursting green soap bubble. The damage is caused by the many small investors. The Linz Sun Contracting Group, which recently celebrated itself as one of the largest solar energy companies in Europe, is insolvent. 47 million euros Passiva, no continuation. What began as a green flagship project, ends now i…

Kurier

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The Sun Contracting Group is facing the economic downturn. Now it was announced that the company's network has been facing fraud charges for some time.

nachrichten.at

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LINZ. The five Linz companies of the Sun Contracting Group are insolvent.

Salzburger Nachrichten

vienna.at

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vienna.at

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The five Linz companies of the Sun Contracting Group are insolvent. Sun Contracting Austria GmbH, Sun Contracting Norica Plus GmbH, Sun Contracting Engineering GmbH, Sun Contracting Projekt GmbH and Sun Contracting Solutions GmbH filed an own application for the opening of bankruptcy proceedings at the Regional Court of Linz on Friday. According to Creditrefom, the liability amounts to EUR 46.98 million. The companies are not to be continued.