Rockfire Capital acquires 60MW Swindon Solar Park in UK

13 September 2016 (Last Updated September 13th, 2016 18:30)

Investment management company Rockfire Capital has acquired Swindon Solar Park from WELink Energy in the UK.

Investment management company Rockfire Capital has acquired Swindon Solar Park from WELink Energy in the UK.

Financial details of the transaction have not been disclosed.

Developed by British Solar Renewables (BSR), the project was built on land owned by Science Museum Group. The plant is spread across an area of 172 acres and has 231,660 solar panels with a capacity of 60.9MW.

Generating around 60GWh of electricity per year, it can power nearly 15,400 UK households and reduces approximately 35t of CO² emissions every year.

"Renewable energy assets offer investors attractive and reliable yields and are a way for them to invest in something that positively impacts the environment."

The company noted the plant has also secured a 15-year power purchase agreement (PPA) with a UK bank.

Rockfire's founder and CEO Liam Kavanagh said: “We are delighted to have completed the successful purchase of Swindon Solarfarm, which adds to our growing portfolio of renewable energy assets and will support our plans to further expand in both UK and European markets.

“We have long been advocates of renewable energy and offer a range of ways for both institutions and individuals to invest in the sector, which has included the UK’s largest renewables mini-bond that offered 6% returns.

"Renewable energy assets not only offer investors attractive and reliable yields, but are also a way for them to invest in something that positively impacts the environment.”


Image: The site of the 60.9MW Swindon Solar Park, taken over by Rockfire Capitals. Photo: Courtesy of Rockfire Capital