Conergy Acquires New Solar Projects Totaling 17.95MWp
- Published: Tuesday, 16 September 2014 19:02
Conergy, one of the world’s largest solar downstream companies, has announced that it has acquired the rights to build and operate two solar power plants in the UK with a combined capacity of 17.95MWp from the developer Solar Securities for an undisclosed sum.
The larger of the two projects, a 13.5MWp plant on a disused coal mine in South Wales, has permission from local authorities to operate for 35 years, while a 4.45MWp plant in the county of Cornwall in southwest England, has permission for 25 years on a 35-year land lease. When built and connected to the grid by Conergy towards the end of the year, the plants will together produce enough electricity to power the equivalent of 3,200 homes.
Alexander Gorski, Global COO and CEO Europe, Conergy, said: “Last year in the US solar was second only to gas in new power capacity additions, and as the cost of technology reaches a very competitive level and capital costs continue to decline, solar will continue to grow rapidly, in established markets like the UK and new emerging markets. Conergy has strong local networks globally and we’re always on the look out for good projects. These two are excellent additions to our portfolio.”
Conergy’s projects business trebled in size globally in the first half of 2014 compared with the same period in 2013, with the UK making an important contribution that is expected to be sustained into 2015. The acquisition brings Conergy’s business in the UK so far this year to around 150 MWp in capacity.
Robert Goss, MD Conergy UK & Ireland, said: “Solar is increasingly eating into coal’s market share globally so it’s fitting that we should be starting a project in South Wales, which produced a lot of the coal that powered Britain’s industrial revolution. The site in Cornwall meanwhile is one of the best in the country, as it’s on higher ground and away from the coast.”
Nicholas Richardson, Solar Securities, said: “We’re delighted the projects are going ahead with Conergy, one of the most experienced and best builders of large solar projects in the world.”