Solar parks acquired

Wirsol Energy Ltd (WIRSOL), the company responsible for the UK and Australian markets within WIRCON Group has acquired the project rights for two new projects that will be constructed and connected to the grid during the first half of 2018


Wirsol Energy Ltd (WIRSOL), the company responsible for the UK and Australian markets within WIRCON Group has acquired the project rights for two new projects that will be constructed and connected to the grid during the first half of 2018.Construction will begin in January 2018 and WIRSOL is in the final stages of securing a long term PPA and debt such that these projects will be held within the group. These projects form the beginnings of a portfolio of circa 150MWp that will be built over the next 12-18 months. The portfolio will consist of six projects ranging in size from 7MWp to circa 45MWp.

This acquisition follows on from the recent announcement that WIRSOL’s joint venture withHIVE Energy for the development of the Cleve Hill Solar Park. With a proposed DC Capacity exceeding 350MWp the project is designated as a Nationally Significant Infrastructure Project; currently in the consultation phase planning submission is scheduled for mid-2018.

Mark Hogan, Managing Director of WIRSOL, noted: “These parks will be designed such that battery storage can be added to the projects at a later stage once the economics and warranties match our investment criteria. We are close but not there yet and as such storage will be phase 2 of the project build out. The UK and its energy market form a key cornerstone of the WIRSOL business under my responsibility, along withAustralia where we already have amarket leading positionwith 400MWp under construction and a further 470MWp in development for rollout before 2020. Trulyunique and exciting times on our very own Solarcoaster!”