A solar power plant based in Wellingborough has been acquired by the NextEnergy Solar Fund (NESF) for £10.9m.
It was connected to the grid on 30 March and is capable of generating about 8.5- megawatt peak (MWp) of electricity.
NESF now has 18 assets totalling circa 234.5MWp and a total investment value of about £274m.
Kevin Lyon, chairman of NESF, said: “We continue to make good progress in line with our growth objectives. The Company is considering a number of additional acquisition opportunities which we will finance using our current debt facility.
“Given the extent of the portfolio under consideration, we expect to expand our debt facilities in short order to enable us to continue to close acquisitions rapidly on attractive assets as they mature.
“Under the placing programme announced in November 2014, having raised £161m over the past eight months, we can still potentially raise in excess of £95m. Given our continuing pipeline of deals, we plan to undertake further equity raises during the rest of 2015 to utilise this capacity.”