Ethical Power, Hive Energy and CH1 Investment Partners LLP have sold two solar farms, 5.1MW Netley North and 12.1MW Bullous Park solar farms, to Fuse Energy. The solar farms were owned by investment vehicle Hive Ethical UK Solar and were redesigned, optimised and built by Ethical Power.
The 5.1MW Netley North solar park was energised in December 2022 on a landfill site , sharing a grid connection with another solar farm built by Ethical Power and sold in 2017.
The 12.1 MW Bullous Park solar farm (pictured) was energised in April 2022 under the name of Two Post Cross. It has dual-purpose agricultural use for sheep grazing.
The two solar farms ae the first renewable energy assets acquired by Fuse Energy, a new integrated energy supplier launched by alumni from Revolut, Tesla and Voltalia.
Fuse Energy aims to reinvest 100% of its profits into renewable projects around the world and build a pipeline of 2GW of solar by 2025. Charles Orr, from Fuse Energy commented “We are very pleased to announce the acquisition of two solar farms from Ethical Power. This acquisition is the first of many as we embark on our expansion across the UK and internationally.”