Categorized | Finance, Wind Energy

Wind outfit Mosscliff goes bust

Suffolk-based renewables developer Mosscliff Environmental has been placed into liquidation.

Having gone into administration in mid-December, the company was liquidated by Milton Keynes-based administrators Opus Restructuring on 25 January.

Opus’ case officer Kyle Ashford said it would “wrap up the liquidation of assets in the coming months. Information regarding the assets has been filed with Companies House to be made publicly available”.

The company was founded in 2006 by former director David Wylie. At its peak, the company employed around 100 staff, including around 15 at its Exeter office.

Both offices at Exeter and Denham have closed.

Mosscliff company, which developed wind, solar PV and biomass, had formed last July a tidal power venture, MT Tidal, with Dutch tidal turbine manufacturer Tocardo, but sources said the company had overreached itself and that recent changes to UK renewables policies had been the final nail in the coffin :

“They overstretched themselves with acquisitions and developments and they couldn’t pay their bills”, according to the source.

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