With the rebranded trade body for U.K. solar today revealing the country added 545 MW of generation capacity last year, there were fresh announcements of plans for a further 1.6 GWp of project capacity in the former EU member state.
The biggest statement of intent this morning was made by Newcastle-based private equity group Windel Capital, which said it had signed a deal with Sino-Canadian manufacturer Canadian Solar to “Co-develop” a 1.4 GWp solar portfolio in the U.K., with the first sites to be ready to install in the second half of the year. The press release issued by Windel to announce the arrangement was light on detail but stated the fund would take the 1.4 GWp of projects it has amassed over 18 months to “Ready-to-build” status.
Indicating Canadian Solar would contribute funding and source power purchase agreements, it is presumed Canadian Solar would construct the projects and supply the modules but it was not clear which entity would retain ownership of the projects in question, which could include co-located battery storage facilities, according to Windel.
IMAGE SOURCE: GOOGLE