Solar operator Edisun Power Europe has delayed the announcement of its half-year results that were due to be released on Wednesday of this week.
In a short statement to the SIX Swiss stock exchange, the company said its results needed to be adjusted in order to account for the recent changes to Spain’s support for solar energy.
In July, the country’s government announced a cap on profits for solar investors equivalent to 5-5.5% of their initial outlay. In some cases this could be lower than the interest rate of the finance used on projects, effectively locking in losses.
Edisun will now release its figures on 26 September.
Edisun has installations in Germany, France, Spain and Switzerland with a total capacity of around 13.2MW after recently selling off its smallest projects.
The company acquired a 900kW plant in Spain in December 2012 and had a further five grid connected plants in the country at that time.
The company’s amended results could offer an early insight to the consequences of the reforms in Spain on overseas solar investors.
