Toucan Energy asset sale will reduce Thurrock Council debt
25 January 2024
The successful sale of Toucan Energy's solar portfolio will see Thurrock Council divesting a significant asset and allow the council to pay down hundreds of millions of pounds of debt.
Toucan Energy Holdings entered administration in November 2022, with Thurrock Council as the primary creditor.
It has today been announced that the portfolio of 53 solar farms has been acquired by Schroders Greencoat at a sale price of circa £700m. The sale will see a significant sum returned to Thurrock Council and is the single biggest contributor towards the council's financial recovery.
Toucan Energy Holdings entered administration in November 2022, with Thurrock Council as the primary creditor.
It has today been announced that the portfolio of 53 solar farms has been acquired by Schroders Greencoat at a sale price of circa £700m. The sale will see a significant sum returned to Thurrock Council and is the single biggest contributor towards the council's financial recovery.