Caerphilly County Borough Council has sold its Cwm Ifor Solar Farm to Fuse Energy, one of the UK's fastest-growing energy suppliers. The 20-megawatt consented solar farm, which at full capacity will generate enough clean energy to power approximately 6,000 homes annually, is expected to be connected to the National Grid in December. Construction work began last month.
Deal Details
Savills Earth Capital Advisory (SECA) advised the local authority on the disposal of the scheme near Caerphilly. The financial value of the deal has not been disclosed. The acquisition expands Fuse Energy's growing renewable portfolio, which currently has a 1GW pipeline across solar and wind projects. The company plans to develop Cwm Ifor using in-house engineering, procurement, and construction capabilities. A previous solar project was recently completed by the company at a 30% lower cost per MW peak than the industry average.
Council Statement
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."
Advisor Comment
Henry Grant, director of Savills Earth Capital Advisory, added: "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."
