Conergy, Camborne Energy sell 40 MW of UK solar projects

Nov 22, 2013 - UK solar park developer Camborne Energy and German Conergy AG (ETR:CGYK) said Thursday they had sold 40 MW of solar projects to UK firm Primrose Solar.

Financial details were not provided.

The five installations include a 15-MW plant in Norfolk, a 7-MW facility near Cardiff, Wales, and three stations in Dorset of 3 MW, 6 MW and 9 MW. German solar group Conergy, which was earlier this month taken over by US investor Kawa Capital Management, was responsible for the design of the plants, while Camborne Energy collaborated with landowners and received planning consents. Conergy will also deliver engineering, procurement and construction (EPC) services for the project, provide equipment and maintain the plants, once operational.

Construction works are seen to be completed by end-March 2014. Once operational, the solar parks will be able to generate enough electricity to power over 10,000 homes.

In addition to the five photovoltaic (PV) schemes, Primrose Solar, which is backed British financial investors York Capital Management and Pioneer Point Partners LLP, has the right to buy 50 MW of additional projects that are now in planning stages.

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