NTR acquires second solar farm from RPM

NTR Plc has acquired the Medebridge solar farm project. The 70MWp project in Essex is ready to build, with planning consent, grid connection and land agreements and it was acquired from REG Power Management and other shareholders. It is expected to become operational in Q1 2024 and NTR said it is in talks to arrange a power purchase agreement (PPA) for the project.
The project will use 540Watt bi-facial solar panels and it is expected to produce 71GWh annually.
will bring total UK solar plants under NTR management to just under 170MW of installed capacity.

Anthony Doherty, Chief Investment Officer at NTR, commented: “Given its scale and close proximity to London, Medebridge is a uniquely attractive solar project that can be built relatively quickly and meet the urgent needs of corporates seeking clean power alternatives.”

Andrew Whalley, Chief Executive of RPM, said: “The project will complement the nearby Ockendon Solar Farm which RPM sold to NTR last year. As well as helping to combat the climate emergency and providing the UK with much-needed renewable energy, Medebridge Solar will also benefit the local community.”