RCR creditors take $80m hit from solar farm defects

RCR Tomlinson's liquidators have slashed forecast returns from the collapsed engineering group's solar farms by up to $80 million after being hit with claims of alleged defects on projects, including solar panels that don't track the sun.

The "best case" estimate for forecast recoveries from RCR's solar farms has dropped to $32.5 million from $112.3 million in June, while the "worst case" estimate remains at $3.3 million, liquidators McGrathNicol said in a report to creditors.