A solar energy project developer connected to Thames Water is facing liquidation, leading to staff redundancies as the financial crisis at the debt-laden water supplier continues to impact its corporate structure. Trinzic Operations Ltd, owned by Thames’s parent company Kemble Water Holdings, is voluntarily shutting down in an effort to recover over £25m. 37 employees will be made redundant, with some possibly transitioning to roles at Thames. Despite efforts to secure additional funding, Trinzic will be winding down due to a lack of investment. Kemble is working to recover funds urgently, while senior executives are set to receive large payouts. Thames Water, burdened with £15.2bn in debt, is facing operational funding challenges, potentially leading to temporary nationalization. The complex corporate structure of Thames has come under scrutiny as the company grapples with financial difficulties. Trinzic’s development progress has fallen short of expectations, with delays affecting several project sites. Executives at Thames and Trinzic have struggled to find a mutually beneficial commercial model. Kemble has declined to provide further comments on the situation.