Asset management firm Aquila Capital has acquired a 7.2MW solar farm near Banwell in Bristol as it looks to increase its portfolio of PV assets in the UK.

Aquila has purchased the farm from its German developer New Energy for the World and the project qualifies for 1.4 ROC subsidy support having been connected to the grid prior to April’s RO deadline.

Boris Beltermann, head of solar and wind investments at Aquila Capital, said the UK’s renewable energy incentives had seen it become one of the “strongest-growing markets for photovoltaic energy” and that subsidies served to strengthen the investment case for solar farms in the country.

Aquila adds to a long list of asset management firms, investment vehicles and yieldcos that are acquiring large portfolios of solar assets in a strong secondary market since the expiry of the ROC deadline two months ago.

Foresight Solar Fund has spoken of its intention to significant boost its UK portfolio over the coming months while other firms such as John Laing Environmental Assets Group, NextEnergy UK and SunEdison yieldco Terraform have also highlighted their ambitions for the UK market of late.