Pfalzsolar sold two photovoltaic systems to the London-based Empower Community last week. The two PV plants are located in Salisbury, in the south of England and in Arbroath on the Scottish east coast. Each plant has a 5 MW capacity, and will now be operated as a community solar project. The aim is not only to enable community ownership, but to maximise social impact. Pfalzsolar claims that the PV plants can generate a turnover of around £2m for local organizations over a term of 25 years.
The 2016 installed PV plants were financed by the British investor Leapfrog Finance. Pfalzsolar noted, that it has worked in cooperation with Leapfrog Finance on several other projects last year. Pfalzsolar declined to provide information on the sale price.
Richard O'Rourke, Managing Director at Leapfrog Finance, said: “We’re delighted to have been able to support ECF’s acquisition of this project. It is yet another example of Leapfrog’s commitment to not only enabling community ownership, but maximising social impact.” Thomas Kircher, CEO of Pfalzsolar added that it was great to see the positive impact of the company's commitment to renewable energies on local communities in the UK.
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