Wednesday, 4 July 2012
Somerset Solar Park in UK offered for sale
The Park was established in 2011 on former agricultural land adjacent to Huntspill Energy Park. Following a £14 million investment by the tenant, the park now comprises approximately 20,000 solar PV panels generating approximately 4.22 MW of power. Thanks to its Feed in Tariff accreditation, the park will benefit from the higher Government-backed tariff for every kWh of electricity it produces for 25 years, generating an estimated £1.5 million revenue per annum.
Oli Stretton of Alder King says: “Whilst the mainstream property investment market remains challenging, we have been encouraged by the strong response we have received from investors to this unique green investment opportunity. Puriton Solar Park offers long-term secure income, hedged against inflation via annual RPI linked rent reviews.
Investors looking for secure income appear to be finding this emerging sector a very attractive proposition.”