Trina Solar Ltd. has sold its 50 MW solar power plant in Norfolk, U.K., to Bluefield Solar Income Fund Ltd. for approximately $87.7 million.
The photovoltaic power plant features 196,627 Trina Solar modules and is entitled to receive 1.4 Renewables Obligation Certificates per MWh. The deal is contingent of certain conditions of the share purchasing agreement.
‘The sale of this project is in full alignment with our strategy in overseas markets to build and sell power generation assets at an attractive return,’ says Jifan Gao, chairman and CEO of Trina Solar. ‘This is the third utility-scale solar power plant that we have constructed and sold in the U.K., for a cumulative capacity of 73.76 MW.’
