Bluefield Solar has acquired two UK-based sub-5MWp (Megawatt Peak) solar photovoltaic (“PV”) assets. The two assets are a 4.79 MWp plant in Cornwall and a 4.98MWp plant in Norfolk. They are being acquired for a total consideration of £11.22m, including transaction costs and working capital. Each project is eligible to qualify under either the Renewable Obligation Certificate or Feed-in-Tariff (“FIT”) regimes and will not be impacted by the recently announced consultations on changes to financial support for solar PV and changes to FIT accreditation from the Department of Energy and Climate Change.
BSIF : Bluefield adds another 9.8MWp