The Bluefield Solar Income Fund has bought three sub-5MW solar plants.
One of the plants is for 4.7MW in Lincolnshire and the other two in Norfolk are for 4.99MW each.
The plants are part of proposed projects worth 258MW referred to in the company’s prospectus published in October and will cost £16.5m in total. The company has now made 62 acquisitions as part of these plans.
Each plant is expected to become operational before March 31 2016 to qualify for the 1.3 Renewable Obligation Certificate.
Solarcentury will be the EPC contractor for the plants and will undertake the operation and maintenance of the plants under separate agreements.
Chairman John Rennocks said, “These acquisitions are the first part of the prospective pipeline the Company is pursuing which, despite the recent regulatory changes, demonstrates the continuing potential of the UK solar market.”
Image: Solarcentury
