The refinancing is forIslip Solar Park, near Islip in east Northamptonshire, and Springhill Solar Park in Moreton-in-Marsh, Gloucestershire. They were built byStepnell in partnership with photovoltaics specialist Wirsol Solar UK, and financed from Stepnell’s resources.
The refinancing means that Stepnell can now be reimbursed.
The projects involved the installation of more than 4,000 driven post foundations and a fixed steel and aluminium lattice framework supporting over 20,000 photovoltaic panels on each 40-acre site. The panels are grouped into ‘tables’ which are connected to inverters that convert the DC current generated to AC which is stepped up through transformers to match the grid voltage.
Each solar park is expected to generate about 4,500MWh per annum - enough to power around 1,350 homes a year.
The Stepnell/Wirsol partnership is responsible for 20%of the UK’s solar park capacity.
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