NextEnergy Solar adds another ten plants – NextEnergy Solar Fund has announced the signing and completion of a share purchase agreement for the acquisition of ten operating solar plants with a total installed capacity of 46.6 MWp. The plants were acquired from a single counterparty, from which the company has previously acquired five solar power plants.
All ten assets were connected during 2016 and 2017, with subsidies including both renewable obligations certificates (“ROC”) and feed-in-tariffs (“FiT”).
The Portfolio comprises:
- Fiskerton (13.0 MWp, Lincolnshire) – built on a disused WWII Bomber Command airfield in Lincolnshire. It uses Q-Cells modules for a total peak capacity of 12.9 MW. The plant was connected in March 2015. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period. Revenues are derived from a mixture of ROCs (at 1.4 ROCs per MWh), LECs and power sales.
- Thornborough Grounds (5.0 MWp, Buckinghamshire)
- Sywell (5.0 MWp, Northamptonshire)
- Temple Normanton (4.9 MWp, Derbyshire)
- Brafield (4.9 MWp, Northamptonshire)
- Balhearty (4.8 MWp, Clackmannanshire)
- Little Irchester (4.7 MWp, Northamptonshire)
- Coton Park (2.5 MWp, Derbyshire)
- Huddlesford House (0.9 MWp, Staffordshire)
- Huddlesford Park Lane (0.9 MWp, Staffordshire).
The announcement says that NextEnergy Solar continues to pursue further transactions from its pipeline of acquisition opportunities and expects to announce additional investments in due course.
NESF : NextEnergy Solar adds another ten plants