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Publish Date : 19-Aug-2015

On Monday, Hamburg-based alternative asset manager Aquila Capital announced acquisition of a 9.8-MWp photovoltaic (PV) park in the UK. Financial details of the deal were not revealed.

UK developer Blue Planet Solar Holdings Ltd developed the project in association with Pfalzsolar GmbH, a unit of Germany's Pfalzwerke Aktiengesellschaft, which provided the engineering, procurement and construction (EPC) services.

Located near Sheffield, the solar farm features REC modules, Sungrow inverters and CWF fixed mounting system. In March 2015, the project was connected to the grid and qualifies for support of 1.4 Renewables Obligation Certificates (ROCs) per MWh of generated electricity.

Following this acquisition, Aquila's PV investments increases to 505 MWp. This is the second solar power plant acquired by the firm in the UK this year after purchasing a 7.2-MWp facility near Bristol from German company New Energy for the World GmbH in June.

Susanne Wermter, head of Aquila's special investment team, said, "We believe that Britains support scheme in combination with relatively high energy prices provides an attractive investment case.

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