Wircon subsidiary Wirsol Energy has successfully connected 19 solar parks with a total installed capacity of 105.5MWp across the UK.
Located in England and Northern Ireland, the 19 solar sites have installed capacity ranging from 20.5MWp to 2.5MWp and all are connected under Renewable Obligation Contracts (ROC) ranging from 1.4 Northern Ireland Renewables Obligation Contract (NI-ROC) to 1.2ROC.
Wircon's managing director Peter Vest said: “We are delighted to have achieved the successful connection of all solar parks ahead of the March 31st ROC deadline.
“This is a testament to the teamwork that we seek to embrace and foster within the Wirsol Group. We now look forward to continued success with solar projects in the UK, Australia, the Netherlands, Spain, France, and Germany as we build our business and solar park footprint internationally.”
While the parks had non-recourse debt financing provided by publicly-regulated bank BayernLB totalling approximately £88m, OST has served as Wirsol's technical advisors across all 19 solar sites, through the placing of the £88m debt and the ongoing construction monitoring.
BayernLB's project finance senior director Karin Schramm said: “BayernLB has a long and successful history of providing long-term finance within the renewables sector and we are pleased to have aligned with Wirsol on these projects and the ultimate successful connection across all solar sites in the portfolio.
“The team at Wirsol have worked closely with BayernLB throughout, the communication and quality of build as commented recently by the technical advisers OST as being amongst the best they have seen has been exceptional, a true team effort from all parties.”