Solar firm continues fight in Italian fraud case

Oslo-listed EAM Solar risks major losses from solar farm investments in Italy due to a case involving subsidy fraud.

Photo: Andreas Haubjerg

Oslo-listed Norwegian company EAM Solar, whose investors include some of the country's wealthiest families looking to acquire solar farms across Europe, will present its quarterly financial statement next month, and the company has also announced that it will inform about its position and the latest development in a large Italian fraud case.

"We are fighting against powerful opponents," says EAM Solar's dominant shareholder, Leiv Askvig, who serves as chief executive in holding company management firm Sundt AS, to Norwegian business daily Dagens Næringsliv.

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