THE financial crisis facing scandal-hit Thurrock Council will be partially mitigated next week when a vast portfolio of solar energy farms is sold for about £700m.
Sky News understands that Schroders Greencoat is expected to announce in the coming days that it has agreed to buy Toucan Energy, which collapsed into administration in November 2022.
The sale is expected to trigger a payout running into hundreds of millions of pounds to Thurrock Council, which invested more than £650m into it over a four-year period.
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