Renewable Energy developer SkyPower Corp says the First Light solar project in Stone Mills won’t be effected by the company’s filing for court protection.
According to the Toronto Star, SkyPower is in financial trouble stemming from the collapse of its major stakeholder Lehman Brothers, which filed for bankruptcy protection last September.
The Toronto-based energy developer is more than 250-million dollars in-debt and is struggling to meet repayment obligations.
SkyPower says the First Light solar project will be completed on schedule this fall.
