One of the largest British solar firms has entered administration following a scandal that led to the resignation of a council leader.
Toucan Energy Holdings had a portfolio of 53 solar parks with an estimated combined capacity of 513MW across England, Wales and Northern Ireland.
It was reported that Thurrock Council invested £655 million in the company, which only formed in 2015.
Conservative Leader of Thurrock Council Rob Gledhill stepped down in September in the wake of an investigation by the Bureau of Investigative Journalism.
At that point, there were allegations that £138 million of taxpayers’ money had been lost.
Jim Tucker, Managing Director at Interpath Advisory and Joint Administrator, said: “This is a significant portfolio of high quality renewable generation assets which, as the UK accelerates its transition towards a green and renewable future, have an…