NextEnergy Solar Fund has announced that it has exchanged agreements to purchase three plants, Ellough Solar 2, Decoy and Hall Farm, with capacity of 18.0MWp and an investment value of £18.1m.
The 8.0MWp Ellough Solar 2 will be an extension of the company’s existing Ellough plant (pictured). The plant is expected to be connected ahead of 31 March 2016 with a view to receiving 1.3 ROC support under the Significant Investment Grace Period for large scale projects. The acquisition will be completed once the site has been connected and 1.3 ROC accredited.
Ellough Solar 2 is an 8.0MWp solar plant being built and Decoy and Hall Farm are two 4.99MWp Feed-in-Tariff (FiT) pre-accredited projects being built and are expected to be connected before the end of the year. The acquisitions will be completed after they have been connected within their FiT pre-accreditation window.
With the addition of these three plants, the company says that it has now secured 24 assets totalling 271.1MWp and a total investment value of £314.2m. Furthermore, since announcing its capital raise of £38.8 million on 24 September 2015, the company has announced the acquisition of six solar power plants totalling 36.3MWp with an investment value of £40.2m.
NextEnergy Solar adds three new plants with 18.0 MWp of capacity : NESF