Alternative asset manager Aquila Capital has announced the purchase of a photovoltaic park in Banwell, near Bristol from German developer New Energy for the World GmbH. The sum of the transaction was not disclosed.
The park’s construction was completed in March 2015, it has since been connected to the grid and has an installed capacity of 7.2 MWp. It is classified as 1.4 under the Renewables Obligation Certificate (ROC) project, the British regulatory framework for renewable energy.
Boris Beltermann, head of Solar & Wind Investments at Aquila Capital, said: “The UK has become one of the strongest-growing markets for photovoltaic energy in recent years. Its incentive schemes for renewable energy further strengthen the investment case for photovoltaic parks in the country. Having already made significant photovoltaic investments in Germany, France and Japan amounting to an overall photovoltaic track record of 462MWp, this transaction further adds to Aquila Group’s significant track record in offering renewable energy investment solutions.“
Jochen Kleimaier, founder and owner of New Energy for the World GmbH, added: “New Energy is one of the few German companies that have been able to gain a foothold in the UK. We are very pleased that with the sale of the Banwell project to Aquila Capital we were able to win a partner of choice.”