Following a tendering process conducted by WiseEnergy, Belectric signs an O&M framework agreement for more than 150 MW with NextEnergy Solar Fund, a carbon fund specialized in solar and energy storage. Belectric has already taken over the operation and maintenance of the first three photovoltaic plants since September 2022.
With the signing of a framework agreement for the next three years, Belectric is expanding its O&M portfolio in the UK by at least ten solar parks with a total capacity of more than 150 MW. The solar power plants have installed capacities between 5 and 34 MW and are located in various regions of England, including Dorset, East Sussex and Lincolnshire. Belectric has already taken over the operation and maintenance of the first three photovoltaic plants since September 2022.
Strategic partnership of Belectric and WiseEnergy
Dan Kingscote, Commercial and Strategic Projects Manager at WiseEnergy, comments, "We are delighted to now begin our strategic partnership with Belectric following a highly competitive tender process. As part of the tender process, we wanted to extract more value from our service providers through an innovative O&M approach. Throughout the process, Belectric impressed us with its diligence and industry knowledge. We were equally convinced that Belectric shares our ambition to address traditional O&M challenges in new ways. We look forward to working with them."
WiseEnergy is the operating asset manager of NextEnergy Group and a leading specialized asset manager in solar. Since its inception, the company has provided asset management, monitoring and technical due diligence services for more than 1,350 solar power plants with a total installed capacity of more than 1.8 GW. WiseEnergy's clients include leading banks and capital providers in the energy and infrastructure sectors.
Large portfolio of solar projects
"We are proud that WiseEnergy has selected us to manage such a large portfolio of solar projects. Belectric offers more than 20 years of experience in a wide range of climates. With an O&M footprint of several hundred MW in the UK alone and 1.7 GWp globally, we are one of the leading providers of operations and maintenance for solar power plants. WiseEnergy will benefit from our deep expertise," added Barry Bennett, Managing Director at Belectric Solar Ltd UK. (hcn)
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