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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.
