GoldenPeaks Capital: Key takeaways from the downfall of one of Poland’s largest renewable IPPs

The rapid downfall of Malta-headquartered Polish renewables independent power producer (IPP) GoldenPeaks Capital could easily be chalked up to a company’s ambition getting ahead of its ability, but understanding the reason could shed light on the current state of the energy transition. Is this a case that proves the emerging sentiment, particularly in Poland, that the renewables buildout should be left to large utilities, which can absorb market shocks in the short term? Or is it an obvious case of mismanagement hiding behind a convenient excuse?