SPI sells 15 MW UK solar project to BlackRock fund

Written By: Stratton Report
March 7, 2016

SPI

On March 7, SPI Energy Co., Ltd. announced it had sold the 15 MW Hall Farm solar project to a fund managed by BlackRock, Inc. The project is eligible to receive Renewables Obligation Certificates at 1.3 ROCs/MWh for 20 years under the UK’s Renewables Obligation scheme.

Located in Tasburgh, Norwich, the Hall Farm solar project commenced construction in the first quarter of 2015 and was connected to the grid in August 2015.

Xiaofeng Peng, Chairman of SPI Energy noted:

“We are delighted to partner with BlackRock again on our third UK transaction during the past year. BlackRock is one of the leading global infrastructure investors and this deal is a testament to SPI Energy’s proven track record of delivering high quality solar power projects in the UK and worldwide.”