Eco-tycoon Vince weighs sale of photo voltaic vitality venture

The vitality group based by Dale Vince, the eco-tycoon, is kicking off a hunt for buyers in a photo voltaic park which is anticipated to grow to be one in every of Britain’s greatest renewable vitality initiatives.

Sky Information understands that Ecotricity, Mr Vince’s firm, has employed KPMG to discover talks with potential buyers or consumers for the venture at Heckington Fen in Lincolnshire.

The event was accredited by Ed Miliband, the vitality secretary, earlier this 12 months, and when accomplished it’s anticipated to generate roughly 600MW of solar energy.

It has been designated a Nationally Vital Infrastructure Venture by the federal government.

Based on paperwork circulated to potential bidders, Ecotricity is prioritising the sale of 100% of the venture, however is open to retaining a minority stake.

The corporate desires to finish a deal through the third quarter of the 12 months.

Responding to an enquiry from Sky Information, Mr Vince stated: “Heckington Fen is a wonderful alternative; it is also an enormous one, probably the most important onshore renewable initiative in Britain.

“The venture is shovel-ready with a grid connection in 2028 – one thing which is more and more arduous to seek out nowadays.

“While this can be a nice venture which goes to go forward, the sums of cash required to construct this alone in a brief timeframe, means we’re in search of buyers or companions to assist make this occur.”