 The BBC's Panorama and The Bureau of Investigative Journalism found the value of Rockfire's farms was inflated to entice further investment. Gavin Cunningham, a former investigator with the Serious Fraud Office, told Panorama it is potentially fraudulent to supply inaccurate energy prices. He said: 'The effect of that will be that you end up with a far greater valuation of the overall portfolio of solar farms than is actually the case. And anyone relying on that information is going to be misled by it.' When Rockfire had one of its solar farm portfolios revalued in 2018, it declared the power price was £61.45 MWh, despite the avera){kind=link}
NEWS… BUT NOT AS YOU KNOW IT
A Tory council has been left effectively bankrupt after investing around half a billion pounds in a solar farm tycoon who used taxpayer money to buy luxury goods.
Thurrock Council in Essex, borrowed £655 million to invest in Liam Kavanagh’s business, Rockfire Farm.
Leaked documents reveal how Mr Kavanagh bought goods including a £12 million private jet, £16 million yacht, and a £2 million Bugatti Chiron supercar.
A staggering £40 million went to a bank account called ‘other’.