A year after the collapse of the photovoltaic group Solek, investors are increasingly concerned about how much of their investments they may recover and when. The primary uncertainty revolves around the MW investment fund, which seems to be at the mercy of decisions made by BlackRock, a major American investment firm. Bondholders of Solek are already facing the grim reality that they will only receive a fraction of the loans they extended to the firm, further compounding investor anxiety.

The MW fund holds photovoltaic power plants in Romania and one in the Czech Republic, but its most significant assets are located in Chile, where it owns a 49% stake in solar facilities developed by Solek. The involvement of BlackRock as the financial partner in the Chilean projects raises the stakes; since BlackRock has collateral over the Chilean solar assets, it holds substantial influence over their future. This control positions BlackRock as a secured creditor with priority claims against the assets, thereby determining the fate of the investments made in these solar projects.

Furthermore, it is reported that the European portfolio related to these projects is now up for sale, although the timing of the sale remains undecided. The situation highlights the interconnectedness of global finance and the impact of major American financial entities on local and regional investment outcomes, particularly in the renewable energy sector, which was supposed to provide sustainable growth but now faces significant challenges for investors.