Plymouth Community Energy
Ernesettle solar farm is a community project initially set up by Plymouth Energy Community, The Four Greens Community Trust and Plymouth City Council but it is owned by its community investors. With this project, the community turned derelict land to a solar array that generates energy for 1,000 homes.
The community required a bankable party that could offer a long term PPA and concluded everything quickly so that financial close could be achieved and the project could be built before the “1.3 ROC” deadline on 31st March 2016.
Statkraft enabled a smooth contract negotiation process and prompt meter registration. As a result, the project was built in time and has now had a successful year of operations.
The site was re-financed during 2017 via a long term loan and community shares purchases.
It is Plymouth’s largest solar array.
Statkraft played a pivotal role in the success of our project, constructively working with us to structure a PPA that met our funders requirements.
Alistair Macpherson, CEO Plymouth Energy Community.