Wirsol Energy Ltd has announced a deal to acquire two solar farms totalling 42.5MW of capacity in the UK.

The company, founded by a subsidiary of WIRCON GmbH, has agreed to acquire a 12.75MW development in Wiltshire and a 29.75MW project in Oxfordshire. Wirsol Energy has agreed to sell both projects to Bluefield Solar Investment Income Fund following their acquisition.   

Mark Hogan, managing director of Wirsol Energy said: “We are pleased with these solar acquisitions, both sites have been acquired from experienced developers with whom we have a growing and ongoing relationship, with additional projects in the pipeline.  We are equally pleased to be working with Bluefield as our exit investment partner of choice. Wirsol have good experience with Mike Rand and the team at Bluefield, we share a common strategy and vision as to how business should to be conducted.”

Mike Rand, of Bluefield added: “The acquisition of these two parks forms a key part of the portfolio we are expecting to invest under the 1.4ROC regime to March 2015. Having worked previously with the team at Wirsol we are confident in their experience to deliver high quality solar parks and the ongoing operations and maintenance thereafter”.

Hogan said that Wirsol Energy was targeting further project acquisitions and in-house developed solar farms in the UK “which will be rolled out under both the renewable obligation (RO) and the upcoming contracts for difference (CfD) investment schemes”.

He concluded: “We are in the process of building a substantial and sustainable pipeline into 2015 and beyond.”