“A solar energy company has fallen into administration after racking up more than half a billion pounds in debt to a local authority in Essex, southern England.
Toucan Energy Holdings 1 Ltd., which owns 53 solar farms across the country and was run by the financier Liam Kavanagh, had borrowed £655 million ($773 million) over four years from Thurrock Council to fuel its expansion.”
Solar Energy Firm Collapses Owing British Taxpayers £655 Million – Bloomberg
