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NextEnergy Solar buys plant in Shropshire

NESF : NextEnergy Solar buys plant in Shropshire

NextEnergy Solar is buying a 10.2MW solar plant located at Condover in Shropshire. The purchase price is £11.7m and with this deal NextEnergy Solar has invested all of its IPO proceeds and has dipped into its credit facility to the tune of £6.6m.

The Condover plant is under construction and is expected to be connected to the grid in March 2015. It should attract a subsidy of 1.4 ROCs.

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