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Gloucestershire Business News

Blackfinch completes solar farm deal

A Gloucester-based energy firm has signed the contract for its first subsidy-free development.

Blackfinch Energy, part of investment specialist Blackfinch Group based in Brockworth, has signed the engineering, procurement and construction contract for Llwyndyrus Solar Farm in North Wales.

Work has started on the six-megawatt installation at the site which has planning permission, grid connection offer and option to lease.

Blackfinch Energy acquired the Llwyndyrus project in July 2019 through its energy investment holding company Sedgwick Trading Ltd.

Investment director Guy Lavarack said: "We are delighted to have signed the engineering, procurement and construction contract on our first subsidy-free development for a large, ground-mount solar site.

"This is an important milestone for the project and reflects how Blackfinch Energy is now actively developing new projects in its own name."

He continued: "As a growing and acquisitive business, we continue working to meet the requirements of our investors, who are motivated to play their part in the global movement against climate change.

"The project will make an important contribution to the local community in Llwyndyrus as well as to the UK energy mix nationally."

Blackfinch was supported by Natural Power in the procurement of the site and running the tender for the contract.

Natural Power operations manager David Dunne said: "This is the first time we have partnered with Blackfinch to deliver engineering and construction project management services.

"Our technical expertise complemented the financial and commercial acumen of Blackfinch to ensure a successful procurement process during the pre-construction phase."

Work is being undertaken by Grupotec with commercial operation expected to begin by the end of the year.

Blackfinch Energy's portfolio stands at 49MW of installed capacity (operational and under construction) across 47 individual sites and 14 project companies.

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