Wirsol buys 47 MWp of subsidy-free solar projects in UK
Solar farm. Image by Wirsol (wirsol.com).
Wirsol Energy Ltd has acquired the project rights for two subsidy-free solar parks in the UK with a combined capacity of 47 MWp.
The deal includes the acquisition of the 20-MWp Low Farm and the 27-MWp Sweeting Thorns photovoltaic (PV) projects in Lincolnshire. The given capacity of both projects is in direct current (DC).
Wirsol, which is part of Germany's Wircon, said on Wednesday that the plants will be built over 185 acres (75 ha). Construction is set to begin in the second quarter of this year.
The transaction is in line with Wirsol’s plan to build a portfolio of 150 MWp, consisting of six zero-subsidy solar projects, over the next 12-18 months. The plants will be designed so as to be able to add battery storage at a later stage.
So far, Wirsol has bought the project rights for more than half of the proposed portfolio, reaching around 67% of its goal for this year, said managing director Mark Hogan. Of the targeted 150 MWp, the company has purchased four projects totalling 63 MWp, Sweeting Thorns and Low Farm included.
Meanwhile in Australia, the company is starting an initial public offering (IPO) of its Australian solar portfolio under a newly-formed company named Bright Acre Energy.
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.