UK-based independent power producer Enviromena has acquired a 30MW solar farm in Shropshire.
The fully consented Steeraway solar project, acquired from Luxembourg-based RE Infrastructure, has been managed by Recap Global Investors in Zurich.
Scheduled to begin construction later this year, the project will generate enough clean electricity to power more than 15,000 homes annually and avoid over 8,000 tonnes of carbon emissions per year. Grid connection is targeted for 2026.
As part of the approved plans, the site will deliver environmental benefits through enhanced landscaping, biodiversity improvements and the continuation of agricultural grazing, ensuring the solar farm supports local wildlife and integrates with the surrounding countryside.
The Shropshire site was recently awarded a government-backed Contract for Difference (CfD) in allocation round 6, which provides an indexed-linked revenue stream for 15 years, and crucially protects the forecast grid connection date from the ongoing grid reforms.
Enviromena chief executive Chris Marsh said: “This acquisition represents another significant milestone in our mission to deliver a large portfolio of ground mounted solar the UK.
“By offering price certainty over the next 15 years, the CfD contract strongly aligns with Enviromena’s commitment to developing sustainable, long-term infrastructure investments.
“We appreciate the collaboration with Recap in completing this acquisition and are excited to bring the solar farm into operation, delivering clean, affordable energy and advancing the transition to a more sustainable future.”
Recap managing director Nils Hammon said: “We are proud to have brought this project to a ready-to-build stage and to pass it on to Enviromena as a trusted UK developer for completion.
“Once operational, the project will make a meaningful contribution to the UK’s decarbonisation goals by delivering clean, renewable energy at scale.
“In developing the site, we have ensured full compliance with all environmental regulations, incorporating measures to safeguard local biodiversity and minimise landscape impact, making the project not only sustainable but also respectful of the surrounding community and natural environment.”