NextEnergy Completes UK Solar Double
NextEnergy Capital has completed construction of two subsidy-free solar farms in the UK totalling 115MW.
Llanwern, located in Newport, Wales, has an installed capacity of 75MW, making it the largest solar farm constructed and energised in the UK.
Total investment was in the region of £43m.
The solar farm, a Development of National Significance, and approved by the Welsh Assembly in 2018, was constructed during the Covid-19 pandemic and employed over 200 workers on site at peak construction.
The asset is situated within the Gwent Levels, an area with special ecological considerations supporting unique ecology.
The site has an ecological management plan agreed in partnership with Natural Resources Wales, Royal Society for the Protection of Birds and other stakeholders, including Newport Council which will restore the landscape for the specific benefit of rare birds, small mammals and invertebrates; many of which are unique to the area.
The second solar farm, Strensham, located in Worcestershire, England, has an installed capacity of 40W.
The project was built in seven months, employing up to 150 workers at the peak of construction.
Both projects were financed by Santander Group, which provided an innovative non-recourse funding structure.