Primrose buys 40 MW Conergy, Camborne solar power portfolio

Conergy and Camborne Energy have sold a planned 40-megawatt (MW) portfolio of solar power plants to UK investor Primrose Solar. The deal includes solar sites in Dorset, Norfolk and Cardiff in the United Kingdom, PV-Tech reported.

Also included is the purchase options on four additional UK solar farms currently in the planning stage with a combined total capacity of 50 MW, the source said.

"As solar scales up to become a significant player in the UK energy mix, new types of investors are entering the market looking for bankable products," said Robert Goss, MD of Conergy UK. "Conergy's partnership with Camborne has delivered a portfolio of plant in the right locations with predictable long-term returns thanks to high quality design and build. This approach is ideal for long-term investors and should attract more capital to the growing utility-scale segment."

Conergy was also recently acquired by Kawa Capital Management. Kawa announced Nov. 21 it had appointed a new Management board for the new Conergy holding company.

"With the closing of the transaction, a new era starts for Conergy and its partners," said Kawa Partner Andrew de Pass. "Conergy is very well positioned for the challenges of the future solar market with Kawa as the new owner: the company is financially powerful and has a new, strong balance sheet. Conergy will be among the most 'bankable' downstream solar players."

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