Tuesday 3 January 2017

UK green energy firm sells 5MW solar farm

UK green energy firm sells 5MW solar farm

A UK Green energy firm has agreed to sell a 5MW solar park.

Eneco UK is to buy the Oaklands Solar Park from renewable supplier Good Energy for £5.78 million in cash at the start of 2017.

The agreement includes an option for Good Energy to buy power from the solar farm, which produces enough power to supply 1,300 homes.

The sale is consistent with Good Energy's strategy of selling its sites to reinvest in new assets and the £390,000 in expected profits will be used to finance construction of additional solar capacity before the March 2017 deadline for renewable obligation support.

Good Energy will continue to manage the site.

Written by

Bruna Pinhoni

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