Wednesday, 4 July 2012

Renewable Energy Association woes

The Renewable Energy Association and its REAL consumer scheme are facing a High Court legal action over damaging claims it has unfairly targeted companies with a campaign of disruption. The REA and its wholly owned Renewable Energy Assurance Limited (REAL) are being challenged over whether it is acting beyond its powers and unfairly interfering with legitimate companies.

The court documents also raise concern that the REA and the REAL Scheme, which was recently chosen to help regulate the Green Deal scheme, were last year both actually operating while insolvent.

And a judge has been asked to force the REA and REAL to reassure it’s members by providing up to date information about its finances and reveal the nature of an employee fraud that occurred in 2008 and what steps it has taken to recover the loss.

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