First Anna resigned in QLD, and then a long-time South East QLD solar company Keen2begreen went into liquidation. See the photo below.
Firstly, it was a shock and it will be a huge change with Anna gone (well, maybe), but we can't see it impacting our industry in any way, shape, or form. You never know with such political changes, but in this instance, renewables are now a staple for all parties, and we can't see anyone messing around with that. It's political suicide...
On the other hand, Keen2begreen was a shock. And leaving behind so much debt, well now you understand one of our major differences, zero debt!
We pay all our bills each week and have no accounts with suppliers. As far as we are aware, we are the only company that operates this way, and it's certainly not easy. What it does do, however, is give the customer peace of mind. We have nothing that can stop us from trading, and weathering any storm that comes our way. We started the company with this intention, as we had seen so many make the same mistakes before. Unfortunately, however, there are so many moving parts and variables in solar. Large companies with large overheads get into trouble the minute we get some rain... not to mention all the other issues that can arise at any moment when dealing with a power station on a roof!
It's, for this reason, we stay smaller, yet specialized, so we can make sure we get every job right (trust me, this is certainly not easy to do, and no two installers are the same.)
We need to stress that Keen2begreen where one of the best, though it's hard for many companies that were established pre-covid. Unfortunately, it was a time that changed the world, and it certainly changed the business landscape. The debts accrued during that time take a while to catch up but watch this space, it certainly won't be the last.
If you are a victim of this wind-up, please know we will help if we can. We feel your pain.
Stay sunny out there everybody.