The £35 million plant, to be located on the former World War II Wymeswold Airfield, received planning permission on November 8. Construction is scheduled to begin by the end of November, and it should be online before next March 31. When complete, it is expected to comprise around 125,000 photovoltaic modules spread across 150 acres.
Lark Energy has partnered with investment manager Hazel Capital, which recently bought the plants rights, to finance the project. "We believe that larger industrial sites make great locations for solar projects going forward in the UK," stated Hazel Capitals managing partner, Ben Guest.
Overall, Lark Energy has developed and constructed 20 MW of photovoltaic projects in the U.K. "We are committed to developing significant solar assets in the UK and continue to see a bright future for the technology in this country," said Lark Energy MD, Jonathan Selwyn.