The FTSE250-listed NextEnergy Solar Fund and Anglian Water Services have, following a competitive tender process, signed an agreement through which NextEnergy Capital will design, build, operate and own over 35 megawatts of solar assets and sell the power directly to Anglian Water through a private grid for a 25-year period. The solar assets will be financed and owned by the NESF, an investment company focused on the UK solar sector with over 700 megawatts of operating plants.
The deal is the largest on-site solar PV generation tender to date in the UK solar market and shows the continued growth of the commercial and industrial solar generation landscape. NextEnergy Capital is a leader in delivering subsidy-free installation of solar generation, and views commercial and industrial areas as key growth markets.
Anglian Water has set itself the target of becoming a net zero carbon organisation by 2030 by finding more sustainable ways of meeting an increasing demand for services created by a growing population, whilst taking into account the effects of climate change in the region. This is a huge challenge and generating renewable energy is a vital part of delivering on this significant ambition. (mfo)
