Ellough Solar LLP has sold the solar farm at Ellough, near Beccles in Suffolk, to NextEnergy Solar Fund Limited (“NESF”).
Ellough Solar LLP was advised by Armstrong Energy.
Ellough Solar LLP purchased the rights to build the solar farm at Ellough in February 2014, and completed the construction of the solar farm before the change in the ROC banding on 31 March 2014.
Andrew Newman, a co-founder of Armstrong Energy, commenting on the sale said, “This sale is further evidence of the strength and maturity of the UK solar market, with a strong secondary market for high quality assets once they have been built. Investors can continue to make strong returns in the UK solar market.”