RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2023-06-02 06:30:00

BRITAIN'S SOLAR COLLAPSE

BRITAIN'S SOLAR COLLAPSE

BLOOMBERG - May 31, 2023 - Administrators to Toucan Energy Holdings 1, a failed owner of dozens of solar farms, have begun a formal sales process for the business, which received hundreds of millions of pounds from a bankrupt English council.

Interpath Advisory was appointed to handle the administration and sale of Toucan last November, as Thurrock Council in Essex revealed it was owed £692 million ($857 million) by the business. Interpath, which has hired advisers from KPMG to oversee an auction of the 53 sites, is hoping to recover losses through the sale of the farms.

Jim Tucker, managing director at Interpath, said the administrators have seen early interest from UK and international infrastructure and renewable energy investors and aim to complete the sales process in the second half of this year. Toucan’s pretax operating cash flow was forecast to be £100 million in 2023, he said in a e-mailed statement Wednesday.

Toucan’s collapse forced Thurrock Council to ask for a government bailout and push up local taxes while cutting vital services. Thurrock borrowed more than £1.1 billion, and its crisis marks the latest financial disaster to hit local authorities in the UK, with councils in Surrey, Croydon in South London and Slough seeking government help.

-----


Earlier:

BRITAIN'S SOLAR COLLAPSE
2023, March, 1, 11:10:00
BRITAIN FUSION ACCELERATION
The selected projects aim to tackle specific challenges linked to the commercialisation of fusion energy, from novel fusion materials and manufacturing techniques through to innovative heating and cooling systems, all needed for future fusion power plants.
BRITAIN'S SOLAR COLLAPSE
2023, January, 30, 11:30:00
GLOBAL ENERGY TRANSITION FOR PEOPLE
As the world seeks to address climate and biodiversity challenges and move to clean energy solutions for example, these will deliver impacts within the workplace.
BRITAIN'S SOLAR COLLAPSE
2023, January, 16, 12:25:00
BRITAIN'S NUCLEAR INVESTMENT
"Investment in new nuclear is a no-regrets option given expected increase in power demand and retirement of existing plants," the report said.
BRITAIN'S SOLAR COLLAPSE
2023, January, 9, 12:20:00
GLOBAL ENERGY TRENDS 2023
Electric utilities are facing a future of increased competition, disruptive technologies, and changing customer demands.
BRITAIN'S SOLAR COLLAPSE
2022, December, 13, 13:35:00
BRITAIN'S AMERICIUM BATTERIES
NNL said it has been working on this endeavor since 2009, when its researchers first discovered that americium-241, an alternative to Pu-238, is produced during the radioactive decay of used fuel from nuclear reactors and that it emits power for more than 400 years.
BRITAIN'S SOLAR COLLAPSE
2022, November, 30, 11:20:00
BRITAIN'S NUCLEAR INVESTMENT
The plan is for Sizewell C to feature two EPRs producing 3.2 GW of electricity, enough to power the equivalent of around six million homes.
BRITAIN'S SOLAR COLLAPSE
2022, November, 21, 10:50:00
GLOBAL ENERGY TRANSITION DOESN'T WORK
Comparing a Solar Variable Renewable Energy Farm to an On-Demand Base Load Coal Fired Power Station is like saying you can use tomato sauce to replace vegetables.
All Publications »
Tags: BRITAIN, SOLAR, RENEWABLE, ENERGY, POWER, CLIMATE, ENERGY TRANSITION