NTR acquires Essex solar farm

• 70MWp Medebridge project has actually been offered by REG Power Management as well as is because of power up in 2024

Irish capitalist NTR has actually acquired the 70MWp Medebridge Solar Farm from the management group of REG Power Management (RPM) and various other shareholders.

Medebridge is a large-scale prepared to build solar farm in Essex, England, with full preparation permission, grid link and land contracts in position.

It is expected to end up being operational in Q1 2024 and NTR remains in speak with arrange a PPA for the project.

When operational, Medebridge will provide 71GWh of eco-friendly power generation capacity, which is the equivalent of supplying environment-friendly power to approximately 25,000 houses, as well as will certainly offset approximately 13,000 tonnes of CO2.

Utilizing the most up to date solar technology, NTR will certainly mount 540W bi-facial solar panels which are capable of catching sunlight on both sides of the panel.

These panels have a higher efficiency price, leading to boosted output density and optimisation of energy returns per square metre.

With wind, solar as well as battery projects located in over 50 locations around Europe, Medebridge will certainly bring complete UK solar plants under NTR management to simply under 170MW of installed capacity.

Anthony Doherty, primary financial investment officer at NTR claimed: "We are delighted to collaborate with the RPM team again to acquire Medebridge as part of NTR's expanding portfolio of European renewable energy projects under management.

" Offered its scale and close closeness to London, Medebridge is a distinctly attractive solar project that can be built relatively rapidly and meet the urgent requirements of corporates looking for clean power options."

RPM chief executive Andrew Whalley included: "We are very pleased to be able to collaborate with NTR again on the procurement of Medebridge Solar from its shareholders.

" The project will complement the nearby Ockendon Solar Farm which RPM marketed to NTR last year.

" Along with helping to deal with the environment emergency as well as providing the UK with much-needed renewable resource, Medebridge Solar will additionally profit the regional community."