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BDO

Auditor of solar developer issues disclaimer on 2021 figures

As reported by pv magazine, BDO was not permitted access to the paperwork on 11 solar project companies sold by Shunfeng International in 2020 and, therefore, could not offer an opinion on the financial prospects of the business based on last year’s performance either, given the lack of comparative numbers.

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Shunfeng prepares to sell golden goose to keep creditors at bay

The solar developer is preparing to sell off its most profitable operation and is reliant on the goodwill of creditors as it plans to divest more of its Chinese solar projects.

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Deloitte abandons Chinese solar company SFCE because of going-concern fears

The auditor cited the threat posed to the debt saddled business as the reason for resigning its role, effective from today.

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