Estimated profit from the sale of the shareholding will be approximately £1.3 million. Options are in place over the remaining 24% of the shareholding which may give rise to a higher profit figure depending on when the site is completed and commissioned.
The transaction is part of Good Energy’s strategy to develop its portfolio through a combination of selling some sites and building and holding others.
Juliet Davenport, OBE, Founder and CEO of Good Energy commented:
"This transaction is part of an overall strategy to develop and build out our own renewable energy plant. It supports our long term vision for the company to own and generate 50% of our renewables supply."
