EXCLUSIVE by Scottish Energy News
Scotland’s largest solar farm – in Angus – has been bought for £60 million as part of a 10-strong fleet of solar power sites by Cubico Sustainable Investments, a London-based developer set up in May last year
These operational sites – with a total capacity of 65MW – were all developed by British Solar Solar Renewables, the UK’s largest fully-integrated solar developer.
Apart from the one in Angus, the remainder of the solar parks are located in south west England. The parks were all designed, built and connected to the grid by BSR’s EPC and ICP arms and BSR will remain actively involved with the solar parks as the operations and maintenance provider, part of a long-term relationship between the two companies established by the deal.
David Peill, Commercial Director at BSR, said: “The sale of these completed projects enables us to recycle our capital and focus on developing out our 1.2 ROC pipeline of projects using our in-house EPC and ICP teams”.
As a result, Cubico’s portfolio now comprises 29 assets located across eight countries, with a total gross capacity of 1,900 MW installed across a breadth of renewable technologies (wind, solar and water infrastructure).