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NTR Acquires Essex Solar Farm Ready To Power Up In 2024.

NTR Acquires Essex Solar Farm Ready To Power Up in 2024.

Irish investor NTR has acquired the 70MWp Medebridge Solar Farm from the management team of REG Power Management (RPM) and other shareholders.

Medebridge is a large-scale ready to build solar farm in Essex, England, with full planning consent, grid connection and land agreements in place.

It is expected to become operational in Q1 2024 and NTR is in talks to arrange a PPA for the project.

Once operational, Medebridge will supply 71GWh of renewable power generation capacity, which is the equivalent of providing green power to approximately 25,000 homes, and will offset approximately 13,000 tonnes of CO2.

Using the latest solar technology, NTR will install 540W bi-facial solar panels which are capable of capturing sunlight on both sides of the panel.

These panels have a higher efficiency rate, resulting in increased output density and optimisation of energy yields per square metre.

With wind, solar and battery projects located in over 50 locations around Europe, Medebridge will bring total UK solar plants under NTR management to just under 170MW of installed capacity.

Anthony Doherty, chief investment officer at NTR said: "We are delighted to work with the RPM team again to acquire Medebridge as part of NTR’s growing portfolio of European renewable energy projects under management.

"Given its scale and close proximity to London, Medebridge is a uniquely attractive solar project that can be built relatively quickly and meet the urgent needs of corporates seeking clean power alternatives."

RPM chief executive Andrew Whalley added: "We are very pleased to be able to work with NTR again on the acquisition of Medebridge Solar from its shareholders.

"The project will complement the nearby Ockendon Solar Farm which RPM sold to NTR last year.

"As well as helping to combat the climate emergency and providing the UK with much-needed renewable energy, Medebridge Solar will also benefit the local community."

For more information on solar panel installers in Essex get a free quote from SolarQuote.


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