MEP Asset Management has stepped in to the Solon insolvency issue to take over the running of five of the company’s PV plants. The ‘trusted partner’ will oversee the sites’ operation in response to unsettled warranty claims filed by banks and investors in relation to the five unnamed plants.
MEP Asset Management has an international team in Munich as well as technical on-site staff for maintenance of PV systems in Spain, Italy, Germany and the Czech Republic.
MEP’s director, Christian Reuter, has placed importance on the maintenance, monitoring and reporting of debt and equity in regard to these PV plants and a full risk management strategy in line with TÜV Süd guidelines will be conducted.
Solon SE filed for insolvency in mid-December 2011.