NextEnergy Solar Fund : NESF – new solar plant

Bluefield Solar reports on a positive year of operational performance

NextEnergy Solar Fund has bought a solar plant in Bilsham, Sussex that is being developed by BNRG Renewables. The plant is being built in two phases – one of 12.5MW and another of 2.5MW. NextEnergy Solar Fund will hand over £15m for the plant once it is awarded its preliminary acceptance certificate (expected August 2014). The plant attracts government subsidy of 1.4 ROCs.

This deal was included in NextEnergy Solar fund’s prospectus. Once it is complete, NESF will have invested 47% of its IPO proceeds.

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