Bluefield Solar acquires 2 UK solar farms

• The projects have actually a combined capacity of over 46MW

Bluefield Solar has actually acquired an operational solar portfolio from Fengate Asset Management with a capacity of over 46MW.

The portfolio consists of 2 ground placed solar photovoltaic or pv farms, the 39.3 MWp Raventhorpe plant located in Scunthorpe, Lincolnshire as well as the 7.1 MWp Roanhead facility located in Barrow-in-Furness, Cumbria.

The venture value of the portfolio is ₤ 56m, including the financial benefit of all cashflows from May 2022. Both solar sites are accredited under the Renewable Obligation Certificate (ROC) routine with a tariff of 1.4 ROCs.

In the duration 2022 to 2035, the percentage of gotten as well as managed profits from the portfolio is projected to be approximately 60%.

Complying with the procurement, the total mounted capacity of Bluefield's portfolio has actually grown to 813MWp.

John Scott, Chairman of Bluefield Solar, claimed: "We are delighted to have actually acquired this top quality portfolio of operating assets from Fengate Asset Management. The portfolio includes a high proportion of contracted as well as controlled earnings, and so represents an all-natural complement to the business's substantial development pipeline of new construct solar as well as storage projects."