Overview
NextEnergy Solar is spending up to £54.7m to acquire two plants with a total generating capacity of 45.4MWp.
The deals are a share purchase agreement to acquire the operational 33.7MWp Glebe Farm solar power plant in Bedfordshire for up to £40.5m and a share purchase agreement signed to acquire the operational 11.7MWp Hawkers Farm solar power plant in Somerset for up to £14.2m. Both plants were connected to the grid during March 2015, and are being accredited under the 1.4 Renewable Obligation Certificate (“ROC”) regime.
After this deal, NextEnergy Solar has spent all the money it has raised from investors to date. It still has a £31.5m credit facility that it can use to make top up purchases if it wants.
NESF : NextEnergy Solar adds a further 45MWp