Thursday 27 August 2015

Investment firm buys UK solar farm for £150m

Investment firm buys UK solar farm for £150m

A Jersey-based investment company has bought a 34.7MW solar farm in Wiltshire for £150 million.

That's enough to power around 21,000 homes, the company claims.

Port Farm was connected to the National Grid in March 2015.

It has received a Renewable Obligation Certificate (ROC) accreditation at the rate of 1.4ROCs/MWh.

Foresight Solar Fund now owns 322MW assets in total globally.

The firm recently bought three UK solar farms in a joint venture totalling 34MW.

The government has plans to cut solar and biomass subsidies in a bid to lower bills.

Written by

Bruna Pinhoni

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