The energy group founded by Dale Vince, the eco-tycoon, is embarking on a search for investors in a solar park that is poised to become one of the largest renewable energy projects in Britain. Sky News has learned that Ecotricity, Mr. Vince’s company, has enlisted the services of KPMG to explore discussions with potential investors or purchasers for the project located at Heckington Fen in Lincolnshire.
This development received approval from Ed Miliband, the energy secretary, earlier this year. Once completed, it is projected to produce approximately 600MW of solar power and has been classified as a Nationally Significant Infrastructure Project by the government. Additionally, Heckington Fen will offer 400MW of battery storage capacity.
Documents circulated to interested parties indicate that Ecotricity is focusing on selling 100% of the project, although they are open to retaining a minority stake. The company aims to finalize a deal during the third quarter of the year. In response to an inquiry from Sky News, Mr. Vince expressed, «Heckington Fen presents a fantastic opportunity; it is also a substantial one, potentially the most significant onshore renewable initiative in Britain. The project is ready for implementation with a grid connection scheduled for 2028 – a rare find in today’s landscape. While this is a remarkable project that will proceed, the financial requirements to construct it within a short timeframe necessitate seeking investors or partners to facilitate its realization.»
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