en.Wedoany.com Reported - Enviromena has acquired the Duxhurst Solar Farm in Surrey, UK, from Luminous Energy, with an installed capacity of 26MWp.

Enviromena stated that the project has secured a Contract for Difference (CfD) in the sixth allocation round, with an expected annual generation exceeding 26,500 MWh. Luminous Energy added that the project is expected to connect to the grid in summer 2027, reducing carbon emissions by more than 4,600 tonnes annually. The farm's annual output is sufficient to meet the electricity needs of over 9,800 UK households.

This acquisition adds a construction-ready, CfD-backed asset to Enviromena's UK development pipeline. The company has recently added the Rock Farm and Steeraway projects in Shropshire, as well as the Longpasture project in County Durham, all of which also secured CfDs in the sixth allocation round.

In 2026, Enviromena secured £1 billion in financing through its funding platform, including an £825 million senior portfolio loan from a consortium of banks and a £175 million HoldCo loan from Eiffel Investment Group. This financing will support Enviromena in delivering its existing 1GW solar pipeline over the next five years.

Chris Marsh, CEO of Enviromena, stated that this acquisition once again demonstrates the company's prudent development of a high-quality renewable energy portfolio. The Duxhurst project complements the existing pipeline, offering opportunities to efficiently deploy development and delivery capabilities to bring more clean electricity to market. The company remains focused on selectively pursuing opportunities that meet its investment criteria, strengthen the platform, and deliver attractive long-term returns for investors.

Jolyon Orchard, Founder and CEO of Luminous Energy, said that the Duxhurst farm is another solar project developed internally by the company, proving its capability in developing and constructing world-class solar farms that make a substantial contribution to decarbonizing the power system and combating climate change. The company's strategy is to selectively sell some projects while efficiently reinvesting proceeds to expand its international presence and pipeline, as well as to build, own, and operate its own projects.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com