Rockfire partners trio of local authorities for solar investments, eyes 200MW pipeline

Rockfire Capital has clinched the acquisition of two new UK solar farms while confirming it has its sights set on a 200MW pipeline.

Rockfire has acquired the Astley Farm and Pen y Cae solar farms in Wales, each 5MW in size, both of which were connected prior to the 1.3 ROC deadline of 31 March 2016.

The investment capital firm disclosed that it worked closely alongside Warrington Borough Council and the London boroughs of Bexley and Newham on the deal, with all three local authorities investing for environmental purposes and to generate returns which will be diverted to frontline services.

Liam Kavanagh, chief executive at Rockfire, said the firm was pleased to have expanded its solar portfolio again.

“This is a key area of green energy and continues to offer attractive returns to investors.  We will continue to develop our holding in this important sector and anticipate that solar will continue to grow as a key source of power in the UK,” he added.

Earlier this month Rockfire financed the rooftop solar array at Rolls Royce’s facility in Bristol, and the firm is continuing to look at solar investments as it bids to become a “leading investment management company” while also expanding into other European markets.