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Bluefield buys 4.1MW UK PV array

London-based PV investor Bluefield Partners has acquired a 4.1MW array on a Toyota factory site from Centrica, as interest in the UK market continues to surge among European renewables investors.

The plant, in Derbyshire, was built by British Gas Solar, a wholly-owned subsidiary of Centrica, one of the UK’s “big six” power utilities. No financial terms were disclosed.

“Bluefield is working closely with British Gas Solar to continue funding solar energy installations for major industrial energy users in 2013,” says Mike Rand, a partner at Bluefield.

Since being founded in 2009, Bluefield has acquired more than 40 PV systems across the UK, including £40m in closed transactions in the past 12 months.

Many of those projects are part of a long-running series of deals with Thames Water. In late 2011 Bluefield also bought a 5MW array on the Isle of Wight from the systems division of Norway’s REC. 

The UK added nearly 1GW of PV in 2012, according to NPD Solarbuzz, making it one of the most exciting markets in Europe. Interest in the UK has been bolstered by the uncertain future of core markets such as Germany and Italy.

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