NextEnergy Solar buys 7.2 MWp of UK solar assets with storage
Solar system. Author: Mike Weber. License: Creative Commons, Attribution 2.0 Generic
NextEnergy Solar Fund Ltd (LON:NESF) said today it has acquired two solar systems in the UK with a combined capacity of 7.2 MWp and integrated energy storage.
This is the company's first purchase of operating solar plants with integrated storage, an area it expects to continue growing. NESF said that its distributed portfolio of 55 sites across England offers an attractive opportunity to deploy value-enhancing technologies such as batteries in the future.
The investment company bought the Salcey Farm and Pierces Farm plants, located in Berkshire and Buckinghamshire, for a total of GBP 9.3 million (USD 12.3m/EUR 10.6m). The facilities are accredited under the 1.4 Renewable Obligation Certificate (ROC) and feed-in tariff (FiT) regimes respectively. Both have integrated lithium-ion batteries with a combined capacity of about 1 MW that can provide frequency response and grid balancing services.