Innovative Energy Group (IEG) wants to enter property development to augment its solar-installation business, and would seek approval to use legacy tax losses from the Ciboney Group, a listed entity it acquired. “The bulk of the losses relates to real estate-related losses, which were the primary activities of Ciboney prior to acquisition,” Executive Chairman Nigel Davy told the Financial Gleaner. “Those losses, of course, are available to be used in a similar kind of business in which those losses were, let me say, achieved.”