Primrose Solar has sold four solar farms with total capacity 94.5 MW to Bluefield Solar Income Fund Limited (BSIF).
The solar farms are Southwick Estate in Hampshire (48MW), Littlebourne (17 MW) in Kent, Molehill (18 MW) in Kent and Pashley (11.5 MW) in East Sussex.
The projects were all energized between November 2014 and March 2015 and are accredited for 1.4 ROCs.
Giles Clark, CEO, Primrose Solar, said, “This sale accounts for less than half of our current portfolio and we are continuing to look for good new consented sites for development and construction.”
Mike Rand, a managing partner of Bluefield Partners, Investment Adviser to BSIF, said, “The acquisition of these high quality, operational assets from Primrose Solar represents a milestone in the expansion and diversification of BSIF’s solar portfolio, which now comprises an energy capacity of 383MWp. Adding these large scale assets to the portfolio gives BSIF greater potential for economies of scale as well as access to attractive fixed power prices to 2018.”
Rajani Baburajan