Pirates: Czech solar supplier Malina collected CZK 1.5bn in deposits, failed to fulfill 40% of contracts

Solar power and heat pump supplier Energetický holding Malina collected around CZK 1.5 billion in deposits from clients but failed to fulfill about 40 percent of its contracts. The Pirates said this today in a press release, citing their analysis. The party submitted its findings to the High Public Prosecutor’s Office in Prague. According to earlier media reports, the police are already looking into Malina’s conduct, and the District Court for Prague 1 has reportedly issued its first authorization to enforce claims against the holding. In recent weeks, Energetický holding Malina acknowledged problems with fulfilling contracts but claimed that installations were continuing. According to media reports, it has not commented on the latest information about the police investigation and enforcement proceedings.

Media reports have said that clients of Energetický holding Malina have been waiting in vain for months for photovoltaic panels to be installed or for work on their contracts to be completed. The company is not communicating with customers, according to the media. The Pirates’ analysis says the company accepted nearly 4,200 orders for solar panel deliveries, with an average deposit of CZK 300,000, and orders for around 800 heat pumps, with deposits of about CZK 200,000 per customer. It failed to carry out around 2,000 of the 5,000 contracts.