Primrose Solar is pleased to announce that it has sold four solar farms totalling 94.5 MW to Bluefield Solar Income Fund Limited (“BSIF”).
The solar farms are Southwick Estate in Hampshire (48MW), Littlebourne (17 MW) in Kent, Molehill (18 MW) in Kent and Pashley (11.5 MW) in East Sussex.
The projects were all energised between November 2014 and March 2015 and are accredited for 1.4 ROCs.
Giles Clark, CEO, Primrose Solar, said: “We are pleased to have concluded this transaction with BSIF which is a very well respected company in the solar industry. They are all excellent sites with very good levels of sunlight and implement best practice in screening, landscaping and biodiversity benefits.
“This sale accounts for less than half of our current portfolio and we are continuing to look for good new consented sites for development and construction.”
Mike Rand, a managing partner of Bluefield Partners LLP, Investment Adviser to BSIF, said: “The acquisition of these high quality, operational assets from Primrose Solar represents a milestone in the expansion and diversification of BSIF’s solar portfolio, which now comprises an energy capacity of 383MWp. Adding these large scale assets to the portfolio gives BSIF greater potential for economies of scale as well as access to attractive fixed power prices to 2018.”