Good Energy completes solar farm sale

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Altered Energy – Alternative Energy news

Published: 7 May 2019, 09:51

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Liam Stoker's photo

Good Energy has completed the sale of its 5MW Brynwhilach solar farm for a total consideration of £5.6 million.

The deal will see the project come under the ownership of CORE Pisces Limited, a subsidiary of CORE Home Nations which is funded by Big Society Capital, alongside local community energy firm Gower Power Co-op. 

Good Energy will remain as the project’s off taker and purchase its power under a power purchase agreement.

The clean energy supplier will also use the proceeds to finance its growth strategy which has seen it move into both the EV charging and C&I battery storage markets.

The deal is the latest in a recent run of acquisitions by CORE, having taken on three solar farms for £12 million in March.

Original Source

Altered Energy – Alternative Energy news