NextEnergy Solar Fund has announced the acquisition of a 14.5MW solar farm in Wiltshire. 

The solar fund signed a share purchase agreement for a total acquisition value of up to £15.2 million. However, the value assumes that the plant is connected in the grid to claim 1.4ROCs. Under there terms of the engineering, procurement and construction contract, the solar site will achieve commissioning by February 2015 — avoiding any potential fallout from proposed changes to the Renewable Obligation scheme for large-scale solar developments.   

The solar farm, located in Poulshot, will be built across 32 hectares of arable land and is predicted to generate enough electricity to power 4,600 homes a year. 

The 14MW site represents approximately 18% of the fund’s initial public offering (IPO) proceeds. NextEnergy Solar Fund has now committed around 90% of IPO proceedings across seven solar sites in the UK.