The company provided commercial and utility scale renewable energy schemes, including solar photovoltaic panels, biomass, gas powered generation and waste-to-energy plants.
A spokesman for PKF Cooper Parry – which has been appointed liquidator -said: “Despite efforts to save the business, due to a severe lack of cash there was unfortunately no other option but to place the company in voluntary liquidation.
“Renewables Solar (UK) Ltd was a market leader in the renewable energy sector. However, unfortunately, like many other companies in the sector, it was a victim of the changes the government made to feed-in tariffs in 2015, which had a major impact on the industry.
“The company also suffered significant losses on a number of major projects as a result of the engaged sub-contractors failing to complete the necessary works by the agreed deadlines. These losses, when combined with the loss of business as a result of the changes within the industry, resulted in the eventual collapse of the company.
“Regrettably, we were unable to save any of the jobs and it is unlikely that we will be able to realise sufficient assets to repay all the monies owed to the company’s creditors.”
All 28 staff at the Lincolnshire-based company have been made redundant.