Solar Energy Company
Moorfields were appointed as Joint Administrators over E.E.W. Holding Limited, trading as Eco Energy World, a UK-based renewable energy development company specialising in large-scale solar power projects around the world.
The company, a recognised name within the solar energy sector, had developed multiple photovoltaic (PV) projects across the UK and internationally, contributing to the expansion of clean energy generation. Despite its market position and project pipeline, the company faced increasing financial pressures linked to project financing challenges and market volatility, leading to administration on 20 August 2024.
Andrew Pear and Milan Vuceljic of Moorfields were appointed as Joint Administrators to oversee the company’s affairs, safeguard assets, and maximise recoveries for creditors.
Objectives
- Protect the value of renewable energy assets across the EEW Group, including solar projects and associated intellectual property.
- Stabilise the business position and secure all key operational data and records.
- Assess the viability of ongoing and planned solar development projects.
Moorfields’ Actions
- Conducted an initial business and financial assessment to establish the position of each active and pipeline solar project.
- Investigated potential antecedent claims associated with underlying development rights, planning consents, and intellectual property relating to projects across the group.
- Maintained close communication with key stakeholders, including lenders, regulatory bodies, and project partners.
- Ensured full regulatory compliance throughout the administration process.
Results
- The company’s solar development portfolio and associated assets were assessed as part of an asset protection strategy.
- Stakeholder interests were protected, and the administration process proceeded in accordance with insolvency and regulatory standards.
- The case reinforced Moorfields’ expertise in renewable energy and infrastructure administrations, demonstrating their ability to manage complex, high-value clean energy assets under financial distress.
