UK investor Rockfire Capital has acquired the 60.9MW Swindon solar park in England from developer WELink Energy.
The photovoltaic plant, one of the largest in the UK, was built by British Solar Renewables on a 172-acre site near Swindon in Wiltshire.
It will provide a UK bank with renewable energy at a fixed price for at least a decade thanks to a 15-year power purchase agreement.
Rockfire said that the main investors in the solar park include Warrington, Newham and Thurrock Borough Councils.
They are among the first UK local authorities to invest in cleantech bonds, it said without giving any financial details on the deal.
“We are delighted to have completed the successful purchase of Swindon solar farm which adds to our growing portfolio of renewable energy assets and will support our plans to further expand in both the UK and European markets,” Rockfire chief executive Liam Kavanagh said.
“We have long been advocates of renewable energy and offer a range of ways for both institutions and individuals to invest in the sector, which has included the UK’s largest renewables mini-bond that offered 6% returns,” he added.
Image: sxc
Rockfire scoops UK solar giant
60.9MW Swindon plant to supply power to unnamed bank under 15-year PPA
By EBS