A spokesperson for the company told pv magazine that the system was constructed over a six week period in the summer by SolarCentury and juwi. Located in Newquay, Cornwall, the banks subsidiary, WiseEnergy, will manage its operations.
NextEnergy Capital did have further plans to install photovoltaics across the U.K. However, since the government slashed the countrys feed-in tariffs, it has since shelved them.
In order to continue operating in the U.K., the bank has now shifted its focus onto its asset management services. As such, WiseEnergy is currently in talks to manage and operate a "string" of other photovoltaic developments, which are owned by third parties.
The spokesperson would not release any specific project information. They did say though that negotiations are being held mainly with financial sponsors, "especially those who have invested in PV plants in Europe over the last few years and have, therefore, already experienced how the technical management is more intense than they initially thought."
WiseEnergy is convinced that through the active management of photovoltaic plants, they can perform "better than expected". When asked to elaborate, the spokesperson said that WiseEnergy employs such strategies as predictive maintenance and system re-designs to enhance plant performance.
They added that the company is also able to "mitigate the system downtimes through an active control on performance, which reduces response/intervention time."