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NextEnergy adds two plants

NextEnergy adds two plants – NextEnergy Solar Fund Limited has announced the acquisition of two operating solar plants totalling 21.7MWp with an investment value of GBP26.4m

Since IPO in 2014, NextEnergy Solar has now secured a portfolio of 50 solar PV assets with a total capacity of 505MWp and a total investment value of GBP581m.

NextEnergy Solar is pleased to announce the signing and completion of a share purchase agreement for the acquisition of two operating solar plants for a total installed capacity of 21.7MWp.  The plants were acquired were from one counterparty and comprise Bay Farm (8.1MWp, Suffolk) and Honington (13.6MWp, Suffolk). Both plants were connected to the grid during March 2014 and are accredited under the 1.6 Renewable Obligation Certificate regulation. The acquisition will be funded by the company’s existing resources.

NextEnergy Solar says that it continues to pursue further transactions from its pipeline of acquisition opportunities and expects to announce further investments in due course.

NESF : NextEnergy adds two plants

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