The ambitious large scale solar and battery storage developer Lyon Infrastructure says it has placed one of its units into voluntary administration following a legal spat with one of its investors but insists its broad plans will still go ahead.
In a statement on Monday, in response to enquiries by RenewEconomy, Lyon said it had appointed Deloitte as voluntary administrator to one of its entities, Lyon Infrastructure Investments 1 Pty Ltd, and that entitys subsidiaries, in order to facilitate a recapitalisation of that entity.
It insisted that the other entities in the Lyon Group are unaffected, as are its plans for dispatchable solar peaker projects, including a new solar and storage project near Cooktown in north Queensland, and other p…
Read the full article at: https://reneweconomy.com.au/battery-and-storage-hopeful-lyon-infrastructure-puts-unit-into-administration-83524/
