NextEnergy Solar Fund has announced that has signed an agreement to acquire the Kentishes solar plant, which is located at Stisted, Braintree, Essex. The company says that the 5 MWp plant is nearing the end of construction and is set to be accredited under 1.2 Renewable Obligation Certificate regime qualifying for the significant investment grace period. The plant has an investment value of £4.4m and completion is expected in the first half of 2017. Including this transaction, the company says that it has now secured 34 assets totalling 419 MWp with a total investment value of £485m since its IPO in April 2014. The Company says that it is familiar with the vendor, having acquired six separate solar power plants from it previously.
About NextEnergy Solar
Listed on the London STock Exchange since April 2014, NextEnergy Solar Fund seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend. NextEnergy Solar Fund’s portfolio is focused on operational solar photovoltaic (“PV”) assets located in the UK.
NextEnergy Solar announces acquisition of Kentishes Solar Plant in Braintree, Essex : NESF