NextEnergy Solar Fund has acquired two PV projects for £64.3 million, from Camden, that will provide power for brewer AB InBev for the next 15 years. The sale comprises the Grange, 214 acres in Yorkshire, and South Lowfield, 200 acres in Nottonghamshire.

The sites have a 15-year power purchase agreement covering 75% of the electricity to be generated over the life of the PPA.  One project is already energised and the second is expected to be energised during the second quarter of 2021.

NESF said this positions it as  “one of the market leaders in the nascent and growing UK PPA market“. AB InBev is the world’s largest brewer.

Once commissioned, the portfolio will represent an increase of 13% in NESF’s installed capacity and bring its total to  93 operating solar assets, with combined installed power capacity of 863MWp.

Further reading

Expect failures in corporate PPAs, says solar investor

NextEnergy starts up second subsidy-free solar farm, plans to take year’s rollout to 150MWp

Solar investment fund raises portfolio to 691MW

 

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