Kintyre wind farm company in financial crisis

BBC
"The future of a wind turbine manufacturer which received millions of pounds from the Scottish government to safeguard jobs is in doubt.The Danish company Skykon, which took over the Vestas wind turbine factory in Kintyre last year, has announced it is suspending payments to its creditors.A total of 120 people are employed at the site just outside Campbeltown.In a statement Skykon said the company was in a very "cash-strapped situation." The announcement will come as a blow to First Minister Alex Salmond who went to Kintyre last summer to announce the deal.

The Scottish government agreed £9.2m worth of financial backing for Skykon which was intended to safeguard 100 jobs at the factory and create 300 more.However so far only £2.4m has been paid out since the money was being delivered in instalments with each batch dependent on Skykon fulfilling a number of conditions."