NextEnergy Solar Fund (NESF) has announced that it has signed six share purchase agreements to acquire the special purpose vehicles owning six plants, totalling 28MWp, with an investment value of £30.5m. Completion expected during the first half of 2017. The plants are Rampisham, Aller Court, Hill, Forest Farm, Wasing and Flixborough solar plants and are located in Dorset, Somerset, Oxfordshire, Hampshire, Berkshire and South Humberside respectively.
NESF says that all six plants were successfully connected in advance of the 31 March 2017 deadline for 1.2 Renewable Obligation Certificates (ROC) assets and, therefore, are expected to receive appropriate ROC accreditation in advance of NESF completing their respective acquisitions.
Including the latest acquisitions, NESF says that it has now secured 44 assets totalling 467MWp, with an aggregate investment value of £536m, and that it continues to pursue further transactions. It expects to announce further investments in due course.
About NextEnergy Solar Fund
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 Fund acquires six plants, totalling 28MWp, for £30.5m : NESF