Bluefield acquisition of Toyota PV plant marks growing solar interest

  • Toyota's Burnaston array.  

    Toyota's Burnaston array,. acquired by Bluefield Partners.

Solar investment firm Bluefield Partners has acquired the 4.1MW ground-mounted PV array at Toyota’s car manufacturing plant in Derbyshire from Centrica.

The company said the move signified a growing interest in investing in UK solar.

Bluefield’s acquisition of the array takes the company’s investment in solar to over £40 million in the past year, and it now has over 40 UK projects in its portfolio.

Built by Centrica subsidiary British Gas Solar, the plant provides power to Toyota’s Burnaston plant near Derby.

Mike Rand, partner at Bluefield said: “Bluefield believes that investing in industrially connected solar energy installations can provide real benefits for UK industry and the environment whilst delivering attractive investment characteristics to private and institutional investors.

“In addition to funding large ground based solar energy installations, Bluefield is working closely with British Gas Solar to continue funding solar energy installations for major industrial energy users in 2013”.

The company said that following recent announcements by the Department of Energy and Climate Change regarding ongoing support for solar energy through feed-in tariffs and renewable energy obligation certificates it expected to have a growing involvement in funding solar projects in 2013.

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