Independent Power Producer (IPP) Enviromena, based in the UK, has acquired a fully committed, 40 MW of the solar energy plant in Shropshire.
The project, taken from Anglo Renewables, is ready to build the stage and has protected a contract for Difference (CFD) of allocation Round 6 (AR6). The PV factory is planned to connect to the grid in 2026, while the planning population contains the option to add energy storage on the site.
The news comes close to Enviromena acquired another Shropshire Solar PV factoryThe 30mw Steeraway Solar Farm. The Steeraway PV factory also received an AR6 CFD and will connect to the grid in 2026.
According to the CEO of Enviromena, Chris Marsh: “The condition of the project with the grid connection confirmed in 2026, in combination with the CFD contract, is strong in accordance with the dedication of Enviromena to develop sustainable, long-term infrastructure projects that are supported by investment quality off-takers.”
This follows a broader British trend that has seen an increase in solar fusion and acquisitions (mergers and acquisitions) before the offers of Grid Connection that are given for Gate 2 under the reformed connection process that was introduced earlier this year.
According to data from more than 20 GW of projects, owner has changed ownership, according to data from Research into MarktMedia Market for Zonne -Media.
Raster reform has opened more than one door, in which developers have to choose between building or selling; accelerated connecting data means that some have too many projects to build within a short period of time (such as low -carbon), forced to sell to free resources and attract capital for the rest of their portfolio.
This opens the market for IPPs such as Enviromena that wants to consolidate their British portfolios.
The other effect of the reform of the grid connection is an uncertainty about whether projects will receive gate 2 offers, the site costs and making acquisitions are currently an inviting prospect.
Solar analyst for Solar Media Market Research, Josh Cornes, published an article about the growth in the M&A market of Solar M&A yesterday. The full piece, which further describes what developers are driving to sell projects, is available for Read here.
