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Solar sales fund further development

Eco Energy World has announced further sales activity following the sale of shares in the 12 MW Spriggs Solar Farm project last month.

It has also sold four solar farms that are being constructed on the border between Essex and Suffolk and further locations at Swindon, Wiltshire and Devon.

The four projects have a combined capacity of 56 MW and are all expected to be operational by the end of this month.

The company is aiming to complete additional projects in the UK this year, with a combined capacity of 80 MW.

It has further stated that it intends to build further solar farms around Europe to a total of 200 MW.

Next month will see the support level for solar PV farms drop to 1.4 ROCs from the current rate of 1.6 ROCs.

Last month’s Spriggs sale saw the company offload 90 per cent of its shares to AVIC International, retaining 10 per cent.

Eco Energy World chairman Svante Kumlin stated at the time that the company had 15 further projects around the UK at various stages of planning.

Commenting on the prospects for further solar farms in the UK in the 26 February issue of H&V News, Lumicity CEO Tristan Fischer said he believes the market will dry up within the next two years.

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