The shareholders of Wellingborough Solar Limited, as advised by Armstrong Energy, have signed a share purchase agreement to sell the 8.5MWp Wellingborough solar farm to NextEnergy Solar Fund Limited (“NESF”).
Located in Northamptonshire, the ground-mounted plant was connected to the grid in March 2014 where it gained accreditation under the 1.6 ROC regime.
The £10.9 million sale marks the second collaboration between Armstrong and NESF, following on from NESF’s acquisition of the Ellough solar plant last year.
Commenting on the sale, Steve Mahon, a co-founder of Armstrong Energy, said, “with such a strong secondary market and so many buyers vying for high quality solar assets, it is pleasing to once again work with NESF, a strong and familiar partner.”
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