Caerphilly Council sells solar farm to Fuse Energy

The Cwm Ifor Solar Farm is expected generating clean power at the end of the year

Caerphilly County Borough Council has sold its Cwm Ifor Solar Farm to one of UK’s fastest-growing energy suppliers Fuse Energy.

The 20 megawatt consented solar farm, which at capacity will generate enough clean energy to power approximately 6,000 homes annually, is expected to be connected to the National Grid in December. Work started last month.

Savills Earth Capital Advisory (SECA advised the local authority of the disposal of the scheme near Caerphilly. The value of the deal has not been disclosed.

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Amanda McConnell, Caerphilly Council’s cabinet member for climate change, said:, “This agreement is an important step in tackling the climate emergency and increasing renewable energy in Caerphilly. The Cwm Ifor Solar Farm could power around 6,000 homes with clean electricity, while supporting a more flexible and resilient energy system. We’re pleased to be working with Fuse Energy to bring this project forward and deliver lasting environmental and economic benefits for our communities.”

Henry Grant, director, Savills Earth Capital Advisory, said; “We’re pleased to have supported the local authority with this transaction. Investor appetite for solar remains strong as these projects continue to play a critical role in accelerating the UK’s transition to a low carbon energy system.”

The acquisition expands Fuse Energy’s growing renewable portfolio with a current 1GW pipeline across solar and wind projects. It plans to develop Cwm Ifor using in-house engineering, procurement and construction. A previous solar project was recently completed by the company at a 30% lower cost per MW peak than industry average.