Foresight Solar is to buy Landmead, the UK’s largest solar farm. Located in East Hanney, Oxfordshire and currently under construction, this 46MWp farm is expected to be grid-connected later this month and so should qualify for a subsidy at a rate of 1.4 ROCs. With this deal, Foresight will now own farms capable of generating 213MWp of solar power across the UK.
Landmead sits on 230 acres and is situated near to the recently closed Didcot oil/coal power station and will be connected directly into the local SSE sub-station.
The acquisition price wasn’t disclosed in the statement. They are paying for this with their debt facility and what’s left of the £60m they raised from shareholders recently. They say the plan is to come back to the market to issue more equity in the New Year to repay the debt facility.
FSFL : Foresight Solar buys UK’s largest solar farm