NextEnergy Solar Fund (NESF) has acquired the rights to a 19.4MW solar farm at the former RAF Boxted airfield in Essex.

NESF has signed a share purchase agreement that will see it take ownership of the special purpose vehicle which owns the Boxted Airfield solar power plant project for as much as £20.6 million.

Construction of the solar farm has already started and is expected to be completed in time to benefit from 1.4ROCs. However, if the site does not meet the March 2015 deadline, NESF has the option to opt out of the deal without any financial penalties.

The company claims that the 19.4MW solar farm’s site development plan has been designed to help boost local biodiversity.