Statement on Toucan Energy Holdings 1 entering administration
11 November 2022
Cllr Mark Coxshall, Leader of Thurrock Council, said: "Yesterday I decided to agree to support Toucan Energy Holdings 1 (TEH1) entering into administration.
"This is a positive move forward in enabling Thurrock Council to resolve its financial position and maximise recovery for Thurrock residents. The solar farms held by Toucan continue to generate income and as the primary creditor Thurrock Council will be able to seek to recover the value of investment.
"This is a positive move forward in enabling Thurrock Council to resolve its financial position and maximise recovery for Thurrock residents. The solar farms held by Toucan continue to generate income and as the primary creditor Thurrock Council will be able to seek to recover the value of investment.