Blackfinch Energy has acquired a 25MW solar site in Hampshire, southern England to increase its portfolio.
Three Maids Solar Farm, located near Winchester, is under construction and is expected to start generating electricity as soon as July 2022.
The site has been acquired from Enviromena which is constructing the project and will also provide long term operations and maintenance services to the solar plant, once operational.
The development and construction of the project has been part funded by Close Brothers Leasing UK.
Blackfinch Energy’s portfolio stands at 96.5MW of installed capacity (operational, under construction and development) across 51 individual installations and 18 project companies.
The portfolio is invested exclusively in ground-mount solar, rooftop solar and onshore wind assets.
Blackfinch Energy was advised by TLT LLP (legal) and The Renewables Consulting Group (technical).
Guy Lavarack, investment director at Blackfinch Energy, said: “We are delighted to have acquired Three Maids Solar Farm, another significant solar asset, that continues our strategy of investing in high quality renewable energy projects.
“We are pleased to be working with Enviromena who will be a long-term partner for us in relation to this asset.”
Adrian Pike, chairman of Enviromena, said: “I am very proud of the Enviromena team for achieving this great milestone and for selling the Three Maids development to such a well-established and respected renewable fund manager as Blackfinch Energy.”
