September 13 (SeeNews) - UK investment management company Rockfire Capital Ltd has acquired Swindon solar park, which with an installed capacity of 60.9 MW is one of the largest in the UK, it said today.
The solar farm was purchased from WELink Energy UK Ltd. Financial details were not provided.
The project, developed by British Solar Renewables, has been built on land owned by the Science Museum Group (SMG) near Swindon. It includes 231,660 solar panels and is expected to produce almost 60 GWh of electricity per year, enough to power more than 15,400 homes. A 15-year corporate power purchase agreement (PPA) has also been signed with a UK bank.
Principal Rockfire investors in the asset include Warrington, Newham and Thurrock Borough Councils. The firm said the councils were amongst the first local authorities in the UK to invest in cleantech bonds as an innovative way to generate returns in the current low interest rate environment.