A 4.22MW solar park in Puriton, Somerset is the first solar park to be offered as a traditional property investment opportunity in the UK after property consultants Alder King have been instructed to listen to offers in the region of £886,000 on behalf of BAE Systems.
The park was installed on former agricultural land adjacent to Huntspill Energy Park. The £14 million pound scheme boasts over 20,000 solar modules installed over 31 acres.
The park was installed in 2011 and was able to secure feed-in tariff registration before large-scale feed-in tariff rates were dramatically cut. As a result, the solar park is expected to generate an estimated £1.5 million revenue per year.
Oli Stretton of Alder King stated: “Whilst the mainstream property investment market remains challenging, we have been encouraged by the strong response we have received from investors to this unique green investment opportunity.
“Puriton Solar Park offers long-term secure income, hedged against inflation via annual RPI linked rent reviews. Investors looking for secure income appear to be finding this emerging sector a very attractive proposition.”