Acquisition of ten operating solar plants in the UK with total installed capacity of 46.6MWp
- Share purchase agreement signed to acquire a portfolio (“Portfolio”) of ten operating solar
plants totalling 46.6MWp located in the UK for a total investment value of £52.9m
- All sites have been constructed and all connected to the grid prior to March 2017
- The acquisition increases NESF’s portfolio to 75 assets with a total capacity of 622.7 MWp
and total investment value of £792.4m
NESF, a specialist investment company that invests primarily in UK solar power plants, is pleased to announce the signing and completion of a share purchase agreement for the acquisition of ten
operating solar plants with a total installed capacity of 46.6 MWp. The plants were acquired from a
single counterparty, from which the Company has previously acquired five solar power plants.
All ten assets were connected during 2016 and 2017, with subsidies including both renewable
obligations certificates (“ROC”) and feed-in-tariffs (“FiT”).