Foresight Group invests in solar energy again

by Sara Pernas

Solar Parks are in vogue. Element Solar Power, with a London based office, announced last Monday the completion of a successful sale of two photovoltaic solar panels parks with a combined capacity of 6MW to funds managed by alternative asset manager Foresight Group (Foresight), which have already invested in more than £300 million of operating photovoltaic assets in the UK, Italy and Spain.

The solar projects, Puriton West (4MW) and Summerway Drove (1.8MW), were developed by Element Power Solar in partnership with Dublin-based BNRG Renewables. The projects were constructed and commissioned during 2011 under the U.K. Government’s Feed-in-Tariff (FIT) legislation designed to encourage construction of low carbon electricity generation from renewable energy technologies, and are both fully operational generating electricity at pre August 2011 Feed-in Tariff (FiT) rates.

 

Puriton West Photovoltaic Project - Via pv-magazine.com

Puriton West Photovoltaic Project - Via pv-magazine.com

 

Via SFGate and PV Magazine.

 

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