Downing Acquires 35-MW Solar Park in Lincolnshire, UK

London-based investment manager Downing has completed the acquisition of a 35-megawatt peak (MWp) operational park located in Lincolnshire, , in a transaction valued at approximately GBP 28 million (USD 35.6 million / EUR 33.2 million), the company announced on Wednesday.

The ground-mount (PV) farm, which has been generating electricity since the summer of 2023, was purchased from .

See also: NextEnergy Capital Secures $745 Million for Solar and Battery Storage Fund

Situated in Sleaford, the solar park is expected to produce around 36 gigawatt hours (GWh) of electricity annually. Downing's energy and infrastructure unit will manage the operations and maintenance (O&M) of the facility.

The solar project benefits from a 15-year contract for difference (CfD) with the Low Carbon Contracts Company (LCCC), indexed to inflation and set to commence in 2025.

See also: Habitat Energy Optimizes 50MW Camilla Farm Battery for NextEnergy Solar Fund and Eelpower

“We are immensely proud to announce the acquisition of this solar asset, which will contribute to further growth and diversification of our energy and infrastructure portfolio,” stated Sean Moore, Investment Director at Downing.

SUBSCRIBE

Related Articles

Popular Categories