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posted on:
April
03
2013

Adelaide solar firm Love Energy goes into administration

 
Source: Adelaide Adevertiser, April 02 2013

A THIRD major Adelaide solar retailer has collapsed, claiming that cheap imports and "kneejerk" Government policy led to its failure.


Hindmarsh-based Love Energy has been described as one of the industry's better performers but last week sold its outstanding order book to an unnamed company to ensure the deposits of all 20 installations and all warranties will be honoured.


Its 15 staff were last week told not to come in after Easter and callers to the company's 1300 number were yesterday informed by a recorded message the company was experiencing "technical difficulties" and would return calls at a later date.


Owner and director Richard Mintz confirmed he was putting the company into administration, saying the industry had been stung by constant regulatory changes - including a steady drop in feed-in tariffs that made the investment attractive - and reliance on cheap Chinese panels.


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