Solar Trade Platform and Directory of Solar Companies

SPI Announces Closing of Sale of UK Solar Project

Published on 27 Jul 2015
SPI Solar 
Solar Power, Inc. today announced that its wholly-owned subsidiary, SPI China (HK) Limited, has closed a transaction to sell the entire issued share capital of Gelliwern Farm, with a rated capacity of approximately 6.24MW to a fund managed by BlackRock, Inc. ("BlackRock").

The Gelliwern Farm solar project, located in south Wales, commenced construction in the first quarter of 2015 and was connected to the grid in March 2015. The Gelliwern Farm solar project is eligible to receive Renewables Obligation Certificates ("ROCs") at 1.4 ROCs/MWh for 20 years under the UK's Renewables Obligation ("RO") scheme.

"We are pleased to announce the closing of our second UK transaction with BlackRock in recent months," commented Xiaofeng Peng, Chairman of SPI. "With this transaction, SPI has further solidified its reputation as a leading provider of bankable solar power solutions in the UK market and globally."

Rory O'Connor, Managing Director at BlackRock, added, "We are very pleased to work again with SPI and close on this investment in the Gelliwern Farm solar project, adding to BlackRock's significant investment programme in the UK renewables sector." 


Source: SPI
ENF Profiles For Companies Mentioned in This Article

SPI Solar (Solar System Installers): https://www.enfsolar.com/spi-solar
PV industry news is republished free of charge, please send your news to