Lynher Energy buys rights to UK solar, battery projects
UK solar park. Author: Robert Pittman. License: Creative Commons, Attribution-NoDerivs 2.0 Generic
UK solar and energy storage investor Lynher Energy has purchased the rights to 96 MW of solar and 100 MWh of battery storage projects in the UK, it said on Monday.
The London-based company, which is a joint venture of alternative credit manager Napier Park Global Capital and renewable energy project developer Ethical Power, did not disclose the value of the purchase.
Under the deal, Lynher Energy has taken possession of the rights to build two solar photovoltaic (PV) parks, as well as two independent battery energy storage facilities that will be located at adjacent sites. The exact location of the projects was not specified.
“Napier Park and Ethical Power expect to invest further in these assets; and to fund additional important projects in the UK and in Europe,” said Chris Sparrow, Principal at Napier Park.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.