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Mark Conrad 26 February 2024

Thurrock boosted by £500m after sale

Thurrock boosted by £500m after sale image
Image: SevenMaps / Shutterstock.com.

Thurrock Council has received £510m in payments following the sale of Toucan Energy Holdings – the firm that triggered a section 114 notice when it collapsed.

The Essex-based unitary unloaded Toucan’s 53 solar farms to Schoders Greencoat for around £700m, but, after meeting the company liabilities, the sale will only reduce Thurrock’s debt position by just over £500m.

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#Debt #Whitehall #Finance #Business #S114

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