NextEnergy expands portfolio with two new solar plants

Acquisition of two operating solar plants totalling 21.7MWp with an investment value of £26.4m

Since IPO in 2014, NESF has now secured a portfolio of 50 solar PV assets with a total capacity of 505MWp and a total investment value of £581m.

NESF is pleased to announce the signing and completion of a share purchase agreement for the acquisition of two operating solar plants for a total installed capacity of 21.7MWp. The plants were acquired were from one counterparty and comprise Bay Farm (8.1MWp, Suffolk) and Honnington (13.6MWp, Suffolk). Both plants were connected to the grid during March 2014 and are accredited under the 1.6 Renewable Obligation Certificate regulation. The acquisition will be funded by the Company’s existing resources.

NESF continues to pursue further transactions from its pipeline of acquisition opportunities and expects to announce further investments in due course.

To read the full content,
please download the PDF below.

Download full article

More from across PES

20th Apr 2024

Renewables in Africa Announces Strategic Collaboration with Gold Ventures Investment to Empower African Startups

Brentwood, 19th April 2024 – Renewables in Africa (RiA), a leading virtual media platform dedicated to promoting renewable energy, is excited to announce a new strategic partnership with Gold Ventures Investment (GVI), an influential investment firm known for its robust startup support ecosystem. This collaboration aims to empower African startups by facilitating their engagement with foreign… Read more »

20th Apr 2024

Trina Storage and Pacific Green sign Letter of Intent for 1,500 MWh energy storage system

Trina Storage, the leading global energy storage solution provider, and Pacific Green, a global energy storage and environmental technology company, have signed a letter of intent relating to 1,500 MWh integrated energy storage solutions. The agreement was signed at the World Future Energy Summit held in Abu Dhabi, United Arab Emirates. Under the agreement, Trina… Read more »

19th Apr 2024

Is China ready to put solar panels out at sea?

Solar farms in the ocean could generate clean energy on a vast scale, but there are difficult waters to navigate first. China is increasingly seeking to put solar panels on the seas off its coastline, with some state-run companies experimenting as far offshore as 30 kilometres. A global leader in renewable energy, China has already been… Read more »

18th Apr 2024

GRS strengthens its presence in Australia with an additional 125 MW Solar Project

Gransolar’s EPC contractor, in partnership with Vena Energy, has launched commercial operations of the solar farm in Queensland Brisbane, April 17th.- GRS, the Gransolar Group’s solar EPC contractor, has announced a new milestone with the commercial operation of the first stage of solar it has built together with Vena Energy. The 125 MW Amazon… Read more »

18th Apr 2024

Rio Tinto selects Alfa Laval OceanGlide fluidic air lubrication with a focus on advancing efficient shipping and reducing emissions

Alfa Laval will provide Rio Tinto, the world’s largest dry bulk shipper, with the OceanGlide fluidic air lubrication system. This innovative system enhances a ship’s propulsion efficiency and energy savings while sailing. Rio Tinto has selected the Alfa Laval OceanGlide fluidic air lubrication system for one of its bulk carriers, as part of its focus… Read more »

18th Apr 2024

Novocycle Pioneers in Sustainable Lithium-Ion Battery Recycling at National Carbon Conference in Türkiye

During the prestigious 4th National Carbon Conference held from March 28th to 29th in Türkiye, Novocycle took center stage with groundbreaking results in Lithium-Ion battery recycling. Presenting under the compelling title “Novel Thermal Recovery of Recycled Graphite for Sustainable and Reliable Lithium-Ion Batteries,” Novocycle showcased their innovative NovoRec process, demonstrating remarkable success in the recovery… Read more »

18th Apr 2024