Published on January 13, 2025 at 10:29. / Modified on January 13, 2025 at 10:30.
2 mins. reading
Last July, Finma made its decision: PrimeEnergy Cleantech had to be liquidated. This is what emerges from a decision dated July 19, of which Time was able to become aware. Then the company active in photovoltaics appealed and obtained the right to continue operating. Before finally going bankrupt last November, leaving hundreds of small French-speaking investors in the lurch. Its great ambitions to go public and merge with a Chinese solar panel giant will therefore never have been realized. As for the aggrieved investors, grouped in a collective, they were recently approached by an African marabout.
“PrimeEnergy Cleantech SA is dissolved and put into liquidation,” reads the decision of the financial market supervisory authority. Finma criticized the Basel-Geneva company for accepting deposits from the public without holding the necessary authorizations. As a reminder, PrimeEnergy Cleantech (PEC) installed and operated photovoltaic power plants in Switzerland and other European countries. The company financed itself via bonds placed with the general public, for a total amount exceeding 120 million francs, according to the latest accounts it published.
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