May 6 (Renewables Now) - UK renewable electricity supplier Good Energy Group Plc (LON:GOOD) has completed the sale of a 5-MW solar park in Wales to a partnership of CORE Pisces Ltd and Welsh community energy firm Gower Power Co-op CIC.
The Brynwhilach photovoltaic (PV) farm, located near Llangyfelach, north of Swansea, was sold for GBP 5.6 million (USD 7.3m/EUR 6.6m) in cash, Good Energy said on Friday. Following the transaction, it will purchase the power generated by the solar park.
Good Energy will use the funds from the sale to cover general corporate needs, among which are investment initiatives supporting growth, efficiency and profitability, it said.
According to Good Energy's website, the Brynwhilach plant is the first phase of a 12.7 MW project that was granted planning permission back in 2014. The 5-MW facility has been operational since March 2017. Details about the second phase are not provided, while the developer says its construction will be undertaken at a later point.
(GBP 1.0 = USD 1.311/EUR 1.170)