London‑based energy supplier Fuse Energy is understood to have bought the 20 MW Cwm Ifor solar farm project in Wales from Caerphilly County Borough Council.

The transaction is believed to have completed almost simultaneously to the project being awarded a 20‑year CfD under the UK government’s allocation round seven, which concluded earlier in February 2026.

The Cwm Ifor project secured a CfD strike price of GBP 65.23/MWh (in 2024 prices), providing long‑term revenue certainty for the asset.

The project will be located just outside of the town of Caerphilly, which is located a few miles north of Cardiff in the southern region of Wales.

Caerphilly Council had developed the scheme in‑house before launching a formal sale process in May 2025 which was envisaged to run throughout the mid-to-latter part of the year.

The project is shovel‑ready, having secured planning consent in May 2024.

The solar farm spans approximately 81 acres of land held under an option to lease.

A grid‑connection date has previously been allocated for December 2026, although it is unclear what implications the current national grid reform will have for that date.

The disposal marks the transfer of one of the few local authority‑developed solar projects to secure long‑term price support under the CfD mechanism.

The transaction also reflects continued appetite from energy suppliers and independent power producers for UK solar assets backed by government‑indexed revenues.

Fuse, then known as Tesseract, in 2023 acquired its first solar assets: the combined 14 MW Two Post and Netley PV sites which were bought from Ethical Power.

The group in late 2025 concluded a USD 70m Series B funding round.

Caerphilly County Borough Council was advised by Savills (sell‑side adviser) on the sale process.

Fuse, Caerphilly and Savills were all approached for comment.