Blackfinch Energy has acquired a 25MW solar project from clean energy solutions provider Enviromena, as it looks to continue to grow its portfolio.
The Three Maids Solar Farm is located near Winchester in Hampshire, and is currently at the construction phase. It is expected to start generating electricity in July 2022.
Enviromena will construct the site, and also provide long term operations and maintenance services once operational. The development is being part funded by Close Brother Leasing UK.
“The development and subsequent sale of the Three Maids project to Blackfinch Energy represents a major milestone in Enviromena’s history as we have now proven that our team can develop attractive, bankable renewable projects in key European markets, and this is only the first site of the 500MW Enviromena has under development across Europe at the moment,” said Cabell Fisher, CEO of Enviromena.
Blackfinch Energy now has a portfolio of 96.5MW of installed ground-mount PV, rooftop PV and onshore wind capacity – including operational, under construction and in development projects – which is spread across 51 installations and 18 project companies. Its total generation capacity sites at approximately 159GWh per annum.
This includes the company’s first subsidy-free solar site, the 6MW Llwyndyrus solar farm in North Wales.
The acquisition of the Three Maids Solar Farm “continues our strategy of investing in high quality renewable energy projects” said Guy Lavarack, investment director at Blackfinch Energy.
“We are pleased to be working with Enviromena who will be a long-term partner for us in relation to this asset.”