Next Energy Solar Fund has acquired two operating solar plants with a total installed capacity of 8.6MWp.  They are Gilley’s Dam (5.0MWp, Cornwall) and Pickhill Bridge (3.6MWp, Wrexham).

Gilley’s Dam was connected to the grid during March 2016 and receives 1.3 Rocs/MWh. The plant is in the grounds of an industrial company and has a PPA in place with the company covering the period up to 2040. Under the terms of the PPA, the counterpart will acquire on a take-or-pay basis the entirety of the electricity generated by the plant.  The plant’s revenues will comprise the sale of ROCs and of electricity generated under the terms of the PPA.

Pickhill Bridge was connected to the grid in March 2017 and receives 1.2Rocs/MWh.