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WIRSOL Energy Ltd. inks deal with Bluefield Solar Income Fund

Deal entails the sale of two solar parks totaling 42MW.

WIRSOL Energy Ltd has concluded the sale of two solar parks entailing 42 MW to Bluefield Solar Investment Income Fund Ltd. The first project, Roves Farm, Wiltshire is a 13MW solar park and has been successfully connected to the grid with G59 issued and qualification under 1.4ROC's; the second project, Elms Farm, Oxfordshire, is a 29W solar park which is in the final phases of construction and scheduled for connection to the grid to qualify under 1.4ROC's.

"We are pleased with the progress of the construction of both sites and to be working with Bluefield as the ultimate end investor with whom the management of WIRSOL have a long and trusted relationship,' said Mark Hogan, managing director of WIRSOL Energy Ltd. "It is particularly rewarding to have already connected the Roves Farm project, which is a significant milestone." 

Peter Vest, managing director of WIRCON, expressed excitement around the projects, adding that the UK will remain a focus within the WIRCON group as the company seeks to grow tis international business. "Furthermore, our alliance with Bluefield on these two parks has proven to be a wise choice, the two teams share common views regarding long-term investment and the build quality required for sustainable and reliable long term income streams which we will actively support through the operation and maintenance of the parks." 

Aside from the projects currently under construction, Wirsol has additional projects under development in-house, and the company is also actively seeking the acquisition of additional shovel-ready projects in the UK. 

"Coupled with our investment in sister company Bluesky Solar Energy Ltd., which focuses on residential and commercial rooftops, we have a very busy schedule ahead of us within the UK solar market throughout 2015 and beyond," Hogan added.

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Energy efficiency  •  Energy infrastructure  •  Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity