Decision details

The Cabinet will be asked to note the performance since the solar farm was purchased in July 2016 and to seek approval of the following:

(i)      Request for small company audit exemption.

(ii)     Future status and purpose of Greenheath Energy Ltd (based on a recommendation from the Directors)

RECOMMENDED TO COUNCIL: (20 December 2017)

That:-

1.           The first year review of performance of the Council’s Solar Farm be noted.

2.           Forest Heath District Council, as the shareholder of Greenheath Energy Ltd, agree to the small company audit exemption being applied and the Council to give financial guarantee over Greenheath Energy Ltd.

3.           Forest Heath District Council, as the shareholder of Greenheath Energy Ltd, support the Directors to apply to strike off Greenheath Energy Ltd on their behalf.