Global PV company Conergys U.K. arm in partnership with Camborne Energy – has recently secured the sale of 40 MW of solar projects to a Primrose Solar.
The 40 MW of solar power plants are ready to be built, with Conergy also overseeing an additional 50 MW solar project pipeline. Primrose Solar is backed by York Capital Management and Pioneer Point Partners LLP, and has agreed to purchase the five solar power plants, which have a combined capacity total of 40 MW.
Conergy will act as the general contractor for the plants, overseeing all EPC services for the initial five plants and the additional 50 MW in the pipeline. A PPA for the plants has been set up at a rate some 33% below the average U.K. retail price for electricity.
Three of the solar plants will be constructed in the county of Dorset in southern England, while the other will be built near the coastal resort town of Great Yarmouth in the east of England. Together, the solar farms will produce approximately 38,100 MWh of solar electricity per year, producing enough clean power to supply 11,500 local homes annually.
"This is the largest order Conergy has ever secured in the U.K., and it is just the start," said Conergy Europe COO and CEO, Alexander Gorski. "With Conergys new owner Kawa, we are stronger than ever. Our solid balance sheet enables us to grow our share in the development business and provide financing solutions for solar projects with operations and maintenance support offered as well.
"We continue to see strong demand for solar farm development and construction in the U.K. and other European countries, as well as opportunities to increase these activities in the high-growth Asian and American markets. Conergy has expansion plans for all of these regions."