UNITED KINGDOM: Harmony lining up CfD AR7 North Yorks solar PV sale
Mergers & Acquisitions
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Harmony Energy has put up for sale its circa 57 MWp Old Malton solar PV project in North Yorkshire, it is understood.
The Alpiq-backed group is working with financial advisor JLL on the “Project Polaris” transaction, with teasers having circulated in early October and non-binding offers set to fall due by late November, according to market sources.
The Old Malton project, which is located on land off Great Sike Road, Old Malton, secured a 20-year CfD at a strike price of GBP 65.23/ MWh (in 2024 money) in UK CfD Allocation Round 7 in Q1 this year.
It is believed to have a Gate 2 Phase 1 grid offer and is targeting energisation in H2 2028. The project is understood to also have consent for 12 MW of co-located BESS.
Harmony Energy previously divested the circa 59 MWp Wormald Green solar PV project, also a Cfd AR7 winner and also located in North Yorkshire, to Tiger Infrastructure-backed Forsa Energy at the end of September.
Harmony Energy declined to comment.
Country
United Kingdom | England
Sectors
Solar
Related Organisations
Jones Lang LaSalle Incorporated (JLL)
Tiger Infrastructure Partners
Forsa Energy
Alpiq
Harmony Energy
Related Organisations
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