Foresight Solar Fund has acquired the 72MWp Shotwick Solar Park, which remains the UK’s largest by generation capacity.
The site – which has a 50MW AC export cap – was jointly developed by WElink, British Solar Renewables, Compton Group and China Triumph International and was fully accredited in September last year.
Foresight has also taken over the project’s PPA which sees generated electricity sold to the adjacent UPM Shotton Paper Mill. The deal, signed at the time of the project’s completion last year, allows the paper mill to source as much as 100% of its electricity demand from the solar park during peak generation times.
Foresight said the PPA laid a “new gold standard” for solar energy suppliers collaborating with energy intensive industries and Ricardo Pineiro, partner and head of UK solar at Foresight, said the project “sets an exciting new precedent” for cost-effective private wire arrangements.
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