"So the root cause was they invested heavily in the uneconomic solar sector which is not governed by market forces..."
Nobody forced RCR's management to bid on these solar farm contracts at prices and terms that are unviable for the risk that the contracts involved.
RCR management did that of their own volition, all by themselves.
I wish somebody had forced them because then we would have somebody to go after.
The merits or otherwise of the various renewable energy sources is a separate question to the causes of RCR's demise.
It's a bit like blaming an electrocution on the particular way in which the electricity was generated.
It doesn't matter whether its generated by solar, hydro, gas, coal or rodents running in a wheel, dead is dead and RCR is still stuffed.
cheers
"So the root cause was they invested heavily in the uneconomic...
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