The UK electricity system’s so-called transition to renewables hits yet another bump in the road. The dream of guaranteed income was just an expensive illusion.
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One of the country’s largest solar farm owners has entered administration amid the fallout from a scandal that forced an Essex council leader to resign, reports The Guardian.
Administrators at Interpath Advisory have been appointed to Toucan Energy Holdings, which owns a portfolio of 53 solar parks with a combined capacity of 513 megawatts across England, Wales and Northern Ireland.
A recent investigation by the Bureau of Investigative Journalism found that Thurrock council in Essex, Toucan’s main creditor, borrowed hundreds of millions of pounds to invest in the solar farm scheme run by globetrotting financier Liam Kavanagh.
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Utopia, you are standing in it! 
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