Railpen acquires Bracks solar farm

Railpen has announced the acquisition of a Cambridgeshire solar project, Bracks solar farm, expanding its UK renewable assets portfolio.

The solar farm, previously owned by BayWa r.e., is a 30 MWp project that is expected to generate clean energy to supply around 8,700 home.

This acquisition marks the second deal between Railpen and BayWa r.e., the first of which was the purchase of Tralorg Wind Farm in 2019.

These acquisitions also follow on from Railpen’s broader renewable energy investments, including the Margam and Sleaford renewable energy plants and the recent investment in battery energy storage with Constantine Energy Storage, which Railpen highlighted as demonstration of its commitment to support the UK’s green energy transition.

Railpen investment manager, Alena Antonava, commented: “Bracks is a great addition to Railpen’s renewable assets portfolio, alongside our existing onshore wind, biomass, and energy storage investments.

“Bracks, once constructed, will be delivering secure and stable income to our scheme members whilst supporting Railpen’s commitments to achieve net zero across its investment portfolio.”

Antonava stated that Railpen’s continued investment in renewal energy also supports the UK government in achieving its decarbonisation targets.

BayWa r.e. managing director for UK & Ireland, John Milligan, added: “Securing reliable and economical long-term supply of domestically generated energy is more essential than ever in the face of the climate and energy crises.

“The implementation of renewable energy projects is key to this, and we are delighted to have brought Bracks to the point of being an attractive investment opportunity for our customers.

“This project will also make an important contribution to the UK government’s ambitions in meeting its net-zero emission commitment by 2050. We look forward to continuing our work in the UK to help achieve vital sustainability goals.”

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