JBM Solar has completed the sale of two solar projects to Vantage RE.
The two consented projects have a combined capacity of 102MWp and are co-located with 65MWac of battery storage.
Set to energise in early 2024, they will generate enough clean energy to meet the equivalent annual needs of over 37,000 homes and save over 2m tonnes of CO2 compared to fossil fuel generation over the lifetime of the projects.
Eastfields is located in Deppers Bridge, Warwickshire, and is designed with single-axis tracking system to optimise the daily generation profile. Bunkers Hill is located near to Hook in Hampshire.
Across both developments, JBM Solar engaged extensively with the local communities making sure their voices were heard and considered. Community funds will be created for both sites to support projects in the local communities.
In the recent CFD Allocation Round 4, Eastfields and Bunkers Hill were two of the eight JBM Solar developed projects that were awarded contracts at a strike price of £45.99.
JBM Solar developed these projects as part of their ambition to deliver 3GWp of grid-secured pipeline by 2025.
Brendan O’Brien, director and co-founder of JBM Solar commented: “We are pleased to close the sale of these two projects, demonstrating JBM Solar’s ability to deliver high quality innovative assets with long-term financial and sustainability benefits. We are also delighted to contribute to Vantage RE’s long-term renewable energy aspirations.”