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NextEnergy Solar : NESF – Agreement to acquire 3.8MWp Brickyard solar power plant

NextEnergy Solar Fund,  has agreed to acquire a special purpose vehicle with the rights to construct a solar power plant, The Brickyard Power Plant for £3.9m. The 3.8MWp plant is located in the Midlands and was identified in NESF’s Prospectus as a ‘core shortlist’ asset, when it listed on the LSE, in April 2014. The purchase is conditional on the plant’s commissioning, which is expected to take place during August 2014, and Brickyard will be accredited under the 1.4 Renewable Obligation Certificate regime. NESF raised £85.6m at IPO and c 52% of the proceeds have now been allocated across five assets with a total operating capacity of 38MWP.

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