The Renewables Infrastructure Group is paying £8.6m to buy the Four Burrows solar farm in Cornwall. The plant has a generating capacity of 7.2MWp. It is located near Truro and is already operational – and has been since January 2015. It should qualify under the 1.4 ROC subsidy regime therefore but, if it doesn’t, the purchase price will be adjusted downwards. The vendor is Renewable Energy Systems (RES), TRIG’s Operations Manager – TRIG has a right of first refusal on projects that RES develops.
Renewables Infrastructure has paid for the deal from its debt facility.
TRIG : Renewables Infrastructure buys Cornish solar plant