Discover our upstream and downstream technical journals
Wirsol has a long-established UK operation, building a number of solar farms in the country. Image: Wirsol.

Wirsol has a long-established UK operation, building a number of solar farms in the country. Image: Wirsol.

Solar EPC Wirsol Energy has acquired development rights for two UK-based, subsidy-free solar farms that it intends to develop in Q1 2018.

However the company has been quick to point out that while the two projects will be built without government subsidy, they are to be enabled through a long-term power purchase agreement (PPA) which Wirsol is in the final stages of securing.

The two projects are the 7MW Outwood Solar Farm in Essex and the 9MW Trowse-Newton Solar Farm in Norfolk.

The two solar farms in question will start construction next month and form part of a 150MW subsidy-free portfolio comprising six specific projects to be developed by Wirsol over the next 12-18 months.

This is not including the longer-term play of Cleve Hill Solar Park, which Wirsol is developing alongside Hive Energy and stands to be by some distance the largest solar farm in the UK if it is developed at its planned size of 350MW.  

They will be financed through debt to be held within group, and Wirsol has also confirmed that the plants will be designed in such a way that storage can be retrofitted at a later date.

Earlier this year Wirsol said it was pursuing a pipeline of subsidy-free solar projects in the UK whilst simultaneously chasing a number of significant projects in Australia.

Peter Vest, managing director at Wirsol parent company Wircon, lauded the firm’s UK team for achieving “remarkable results”.

“We continue to focus on these key geographies as we rollout the solar projects and look to deploy additional technologies which are accretive to the fiscal returns of our global business. 

“Having recently secured additional group funding for specific geographies we now plan on capturing long term yields and optimising returns to our shareholders, key stake holders and partners,” Vest said.

Tags: finance, solar pv, subsidy-free, ppa, uk, sfi con london

Solar Media Events

Utility Solar Summit UK

Jun 15 - Jun 16, 2021

London, UK

The Utility Solar Summit UK will focus entirely on the opportunities in the UK ground-mount space and feature the new technology and advanced innovations allowing asset owners to improve yield in a subsidy free market. Listen to senior market leaders share stories of their successes and manufacturers pushing the envelope for solar PV whilst taking advantage of our enhanced networking features to connect you with your peers onsite; realising the potential of UK utility scale deployment from 2020 and beyond.

Find out more

Solar Media Events

Solar Finance & Investment Europe

Feb 03 - Feb 04, 2021

London, UK

The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.

Find out more