Clean energy developer Enviromena has bought an unbuilt 70MWp solar farm at Medebridge, Essex for an undisclosed sum.
Sited close to the Thames near Orsett, Medebridge is consented and ready to build. Construction will begin this summer, with completion expected in the summer of 2025.
Once operational it will generate 71,000MWh every year, enough to power over 26,000 homes and avoid 13,500 tonnes of CO2 emissions.
The purchase comes part of Enviromena’s strategy to deliver 500MW of operational solar projects. It bought the project from sustainable infrastructure investors NTR plc
The buy was supported by last year’s fund raise of £65m undertaken with investors Arjun Infrastructure Partners.
The plot comes with a grid connection, and land agreements all in place to facilitate the build.
Enviromena CEO Chris Marsh said: “The acquisition of Medebridge represents a significant milestone, as we continue to drive forward with our plans to deliver 500MW of operational solar projects.
“Supported by Arjun’s investment, we have worked collaboratively with NTR throughout the transaction and we are delighted to announce its completion.”
Julian Skinner, Arjun Infrastructure Partners’ head of asset management said: “We are delighted to see the hard work put in by the Enviromena team come to fruition.
“Arjun looks forward to continuing to support Enviromena’s growth, which will make a major contribution to the decarbonisation of the UK energy market.”
