Another UK Solar Company Goes Bust ...Middle East

Economy by : (OILPRICE) -
Believe it or not, another solar energy company has gone bust. This time, it was one of the largest in England.  Toucan Energy Holdings 1 Ltd., based in Essex, Southern England, has gone into administration after racking up a whopping half a billion pounds in debt, according to a new Bloomberg report.  The company owns 53 solar farms across the country and had borrowed £655 million from Thurrock Council over the course of four years to try and finance its expansion, the report notes. The investments are now being called “a…

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