South Australian renewable energy company Zen Energy has sold its infrastructure assets and appointed administrators, with employees being informed around midday today.
The company was a major supplier of renewable energy across the state, with solar farms in Tailem Bend and Renmark and the Waterloo wind farm in the Mid North.
McGrathNicol Restructuring partners Rob Smith and Jason Preston have been appointed as joint administrators of Zen Energy and its related entities.
The administrators will undertake an assessment of Zen’s business, and work closely with employees, regulators, customers and other stakeholders.
“We are urgently engaging with key stakeholders to determine the most appropriate strategy for the business which will…