Upon renewables obligation certificate accreditation by the U.K. regulator Ofgem, Kencot Hill will be sold to Foresight Solar Fund Limited, a LSE listed fund managed by Foresight Group. Conergy will continue to operate and maintain the solar power plant after the transfer of ownership. A joint opening ceremony celebrated the technical launch of Kencot Hill in September this year.
Built on a disused airfield at Kencot Hill, close to Burford in West Oxfordshire, the new power plant is producing enough renewable energy to supply 10,000 homes in the local area. When compared to average conventionally generated electricity in the U.K., Kencot Hill’s electricity output will help to reduce CO2 emissions by 16,000 tons per year.