NESF signs agreement to acquire two solar power plants totalling 28.0 MWp
NextEnergy Solar Fund (NESF) has signed two share purchase agreements (SPA) to acquire two UK special purpose vehicles totalling 28.0 MWp, respectively owning the Cock Hill and Llwyndu solar power plant projects.
Both plants will be constructed under separate engineering, procurement and construction (EPC) contracts negotiated by NESF's Investment Advisor, NextEnergy Capital Limited.
The Cock Hill plant is located in Wiltshire, and is to be accredited under the 1.4 renewable obligation certificate (ROC) regime. Construction of the plant has already begun, with internal roads and civil works well advanced and 90% of mounting system piles already installed.
The Llwyndu plant is located in Mid Wales, and is also to be accredited under the 1.4 ROC regime. Construction on Llwyndu is also underway, with the construction team having broken ground with almost 40% of mounting system piles already installed.
Both plants are to be connected to the grid by March 2015. In the event either plant does not achieve the expected ROC regime, NESF has the right to terminate the respective SPA without incurring any financial penalties.
Country news
-
-
January 30, 2015
Glennmont Clean Energy Fund Europe II acquires UK biomass plant
Eco2 Ltd, a renewable energy company, has sold its UK Margam Green Energy biomass plant to Glennmont Partners‘ fund in a deal worth £160 million (US$243 million). Read more -
January 30, 2015
UK Green Investment Bank appoints Chief Financial Officer and Non-Executive Director
The UK Green Investment Bank (GIB) has announced the appointment ofPeter Knott as Chief Financial Officer and Laurence Mulliez as a new Non-Executive Director. Read more -
January 30, 2015
Santander and BayernLB finance UK solar power projects
SunEdison and TerraForm Power have secured financing to build five large-scale solar farms in the UK which will generate 85.2 MW of electricity. Read more -
February 04, 2015
Gibraltar tenders LNG installation on PPP mode
The government of Gibraltar has launched a tender process to develop a liquid natural gas (LNG) installation through a public private partnership (PPP) project. Read more -
February 04, 2015
KPMG appoints Simon Virley as Partner in London Energy practice
KPMG, a global network of professional firms providing audit, advisory and tax services, has appointed Simon Virley as a Partner in the firms Energy practice. Read more
