Wirsol Energy Ltd has agreed terms for the acquisition of two solar parks. The first project, which is already in construction, a 12.75MW project located in Wiltshire. The second is a 29.75MW project located in Oxfordshire. Following on from the project acquisition, both are being sold to Bluefield Solar Investment Income Fund Ltd. (“BSIF”). 

“We are pleased with these solar acquisitions, both sites have been acquired from experienced developers with whom we have a growing and ongoing relationship, additional projects in the pipeline,” said Mark Hogan, managing director of Wirsol Energy Ltd. “We are equally pleased to be working with Bluefield as our exit investment partner of choice.”

Mike Rand, a partner at Bluefield Partners, the Investment Advisor to BSIF commented, said the acquisition of the parks forms a key part of the portfolio the company is expecting to invest in under the 1.4 ROC regime to March 2015. “Having worked previously with the team at Wirsol, we are confident in their experience to deliver high quality solar parks and the ongoing operations and maintenance thereafter,” he stated.

Aside from these immediate investments, Wirsol Energy plans on further project acquisitions and in-house development which will be rolled out under both RO and Contract for Difference investment schemes.  According to Hogan, Wirsol is currently in the process of building a substantial and sustainable pipeline into 2015 and beyond.

“Our alliance with Bluefield on these first two parks was seen as a natural step given the history and experience of both parties,” said Peter Vest, managing director of WIRCON. “I am sure there will be more to follow as we build our respective businesses.”