The project is said to signify Luminous Energy’s transition to an independent power producer (IPP). Image: Pixabay.
Luminous Energy has received financial close on the 28.5 MWp Bracon Ash Solar Farm near Norwich, Norfolk.
Signifying the renewable energy and battery storage developer's transition to an independent power producer (IPP), the solar farm is set to go live in summer 2024.
“Bracon Ash marks the start of our strategic shift towards becoming an independent power producer and in a challenging market environment demonstrates our capability to construct, finance and operate our own significant project pipeline,” said Guy Lavarack, chief investment officer at Luminous Energy.
“We are now actively seeking third-party equity investment to help us further deliver against this strategy.”
The EPC service provider, Belectric has been awarded the contract to construct Bracon Ash Solar Farm alongside a five-year agreement to oversee the day-to-day operations and maintenance once it is constructed.
The agreement follows a previous partnership between the two companies in 2013.
“We are excited to once again collaborate with Luminous Energy on the Bracon Ash Solar Farm project. This partnership is a testament to our expertise in the international solar sector and history of working successfully together,” said Barry Bennett, UK Managing Director, Belectric.
The Norfolk solar farm will add to Luminous Energy’s growing portfolio, which is set to include a 800MW solar farm in Lincolnshire, for which the company entered into consultations at the beginning of this year.