Renewable power supplier Good Energy Group has sold its 49.9MW solar site at West Raynham, near Fakenham, Norfolk.
The transaction with Chinese photovoltaic manufacturer Trina Solar will cash in between £3.4million and £6.8million.
The net profit on sale received by the Good Energy for the development of the site will be between £1.4million and £3.8million depending on when the site is completed and commissioned, the company said in a statement.
“This transaction is part of our overall strategy to develop and build renewable energy sites,” said Juliet Davenport, chief executive of Good Energy.
“It supports our long term vision for the company to deliver 50% of our renewable electricity requirements from our own renewable generation assets by 2016.
“Our development pipeline is robust and we have already commissioned both new wind and solar sites this year.”
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