From the administrators' statement

The text in this section of the Proposals has been supplied to the Administrators by the Company's directors

Reductions in the Feed in Tariff at the end of 2011 and the surrounding legal uncertainties led to a reduction in sales The Photovoltatc (“PV’) solar panel business had a few small revivals but nothing sufficient to support an operation the size of the Company Public interest in the solar PV industry was declining and the marketing budget was not sufficient to generate the necessary sales

Attempts to agree a marketing campaign with the Company's retail partners were not successful and the directors were concerned about the lack of commitment and optimism regarding the future

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Enact Energy Renewables Limited (07057417)

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