Aurium finances a 40MW solar PV project in South Humberside
December2014

Aurium finances a 40MW solar PV project in South Humberside

Aurium worked with Kinetica Solar and WElink Energy (co-developers) to finance the construction of a 40MW ground-mounted solar PV project, spread across 6 fields on 90 hectares of agricultural land on the outskirts of Scunthorpe, North Lincolnshire. The EPC is China Triumph International Engineering Co (CTIEC), the international engineering platform of China’s largest state owned building materials company. Given the size of the construction (200 acres, 26,916 piles, 154,000 modules, over 2 million metres of cable installed), special care had to be taken to ensure that the finance was in place early enough for construction to finish in time for the 31 March 2015 ROC deadline. The site is adjacent to the Tata Steel factory in Scunthorpe and a private wire agreement has been entered into with them for the initial period post-construction, representing some 10% of all of Tata Steel’s electricity demand on that site.