29th Oct 2014 09:20
LONDON (Alliance News) - NextEnergy Solar Fund Ltd on Wednesday said it has struck a deal to buy the Condover solar power project in Shropshire for GBP11.7 million.
NextEnergy said it would acquire the special purpose vehicle which owns the 10.2 megawatt peak Condover project, which is expected to be commissioned by March 2015.
NextEnergy said the deal means the entire GBP85.6 million in proceeds from its initial public offering have now been allocated across eight assets.
NextEnergy shares were untraded on Wednesday morning, quoted at 104.75 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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