NextEnergy Solar Fund Puts UK’s Largest Subsidy-Free Solar Plant Into Place

NextEnergy Solar Fund (NESF) has completed what it claims is the UK’s largest subsidy-free solar plant.

The Staughton solar development boasts an installed capacity of 50MW – the firm behind its development says it will lead the transition of the UK solar industry from a subsidy-based system to one providing renewable electricity on market-competitive terms.

The Staughton project will now be able to provide enough clean electricity to supply the yearly electricity demand of around 15.000 households.

NESF also completed a 5.4MW subsidy-free solar project in Leicestershire during August 2019 and has already started preparing the site of its next subsidy-free solar plant for construction.

Michael Bonte-Friedheim. CEO of NextEnergy Capital. said: Today’s energisation of our Staughton solar plant is a landmark moment for NESF and the whole UK solar industry. demonstrating the financial viability and energy generation potential of large scale subsidy-free solar projects in the UK.

During our current financial year. we intend to add up to 150MW in UK subsidy-free capacity to our portfolio – of which 55.4MW is now delivered.

About core

Check Also

Azerbaijan’s Renewable Energy Surge: 20 Years of Growth

Analysis of data from the State Statistics Committee, the Ministry of Energy, and the State …

Leave a Reply

Your email address will not be published. Required fields are marked *