NextEnergy Solar Fund (NESF) has bolted on a further four under-construction solar farms to its growing asset portfolio.
The four assets, with a total generation capacity of 20MW, are all expected to be completed before 31 March 2017 and receive accreditation under the 1.2 ROC regime.
The four plants acquired are;
- The 5MW Bowden solar farm in Somerset
- The 5MW Stalbridge solar farm in Dorset
- The 5MW Long Ash Lane solar farm in Dorset
- The 5MW Mill Farm solar farm in Hertfordshire
The Bowden, Stalbridge and Long Ash Lane solar farms are to be acquired under one joint share purchase agreement while the Mill Farm solar facility, which is nearing completion, will be acquired under a separate agreement.
NESF is to spend a combined £21 million on the four facilities, taking the fund’s total UK investment value beyond the £500 million mark to £506 million.
The fund is currently embarking on a spending spree having raised £115 million in an oversubscribed share issue in November before in the same month setting its sights on as much as 170MW of generation assets.