SUBSCRIBE
PROFILE

Korkia sells the Mere Flats solar project to a NextEnergy Capital fund

Korkia has completed the sale of the Mere Flats solar and energy storage project to a fund managed by NextEnergy Capital. Located in South Yorkshire, this 56 MWp solar and 16 MW battery site is the first in Korkia’s UK portfolio to reach the ready-to-build stage.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Korkia, a company specialising in renewable energy development and investment, has announced the sale of the Mere Flats project to a fund managed by NextEnergy Capital. This solar project, combined with a battery storage system, has an installed capacity of 56 megawatts-peak (MWp) for solar and 16 MW for storage. Located in South Yorkshire, it is fully approved, with all necessary permits and land rights secured.

Project development and structuring

Mere Flats is the first project in Korkia’s UK portfolio to reach the ready-to-build phase. This portfolio includes nine projects integrating battery energy storage systems (BESS). The structuring of the project was carried out by Climate ER Helio, a joint venture between Korkia and Climate ER, which oversaw the development until the final permits were obtained. Once operational, Mere Flats will supply electricity to over 20,000 households annually.

NextEnergy Capital’s expansion strategy

The acquiring fund, managed by NextEnergy Capital, follows an investment strategy focused on solar and energy storage assets. With this acquisition, the fund’s UK portfolio now reaches a cumulative capacity of 731 MW. This transaction aligns with a broader strategy to capitalise on the expected growth of the UK solar market, amid increasing investment in renewable energy infrastructure.

Korkia’s market positioning

With over 130 projects in development across eight countries and a total capacity exceeding 20 gigawatts (GW), Korkia continues its expansion in the renewable energy sector. The company anticipates an acceleration in its ready-to-build project pipeline in 2025, strengthening its presence in multiple international markets. The sale of Mere Flats represents a key step in its investment and asset rotation strategy.

Outlook for the UK market

The UK aims for a significant increase in solar capacity, targeting 70 GW installed by 2035. This policy framework supports transactions like the Mere Flats sale, where institutional players such as NextEnergy Capital play a central role in financing and deploying solar and storage infrastructure.

  • Popular on energynews.pro
Enerfip acquires Lumo and exceeds 50% market share in France
SPIE secures full cabling contract for Dogger Bank offshore wind farm
India’s solar industry enters critical phase of forced consolidation
Siemens Energy invests €2bn in transformer plants to secure growth
Avangrid secures final NECEC permit for cross-border line between Québec and Maine
Econergy connects 52MW solar park in Poland under contract with Apple
Econergy has connected its 52MW solar project in Resko, Poland, to the grid, supported by a 19-year virtual power purchase agreement signed with Apple.
Green Growth and K2 convert a FIT solar plant to FIP with storage
Green Growth and K2 Holdings begin converting a solar park to an FIP scheme, including battery installation, to improve profitability in a region heavily affected by production curtailment.
Arevon launches $200mn solar plant construction in Illinois
Arevon Energy has initiated construction of its first utility-scale solar project in Illinois, with a 124-megawatt capacity and $200mn in private investment to support U.S. energy demand.
Neoen divests 760 MW of operational assets to Plenitude in France
French renewable energy producer Neoen has signed an agreement with Plenitude to sell 52 assets totalling 760 MW of capacity on the French market.
France: the government launches an observatory to monitor 1,600 agrivoltaic projects
A national tool led by ADEME lists agrivoltaic installations across France to support their regulatory oversight, as the sector sees rapid growth following the 2023 law.
VALOREM commits 500 hours of job inclusion on its solar park in Aveyron
The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
Abraxas begins Solar City works, Maldives’ first special economic zone project
Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.
Astronergy and Alfa Solar invest $200mn in solar plant in Turkey
Alfa Solar and Astronergy Europe are partnering to build an integrated solar wafer and cell facility with 2.5 GW capacity in Balıkesir’s organised industrial zone.
Global renewable energy investment growth slows to 7.3% in 2024
Despite reaching a record $807bn in 2024, renewable energy investment growth slowed sharply, with funding heavily concentrated in advanced economies and China.
Newheat equips Corrèze greenhouse with 7,000 m² of solar thermal collectors
French renewable heat provider Newheat has inaugurated the largest agricultural solar thermal plant in the country, supplying the Les Tomates d’Auïtou site with 5,400 MWh annually.
First Solar invests $330mn in new solar factory in South Carolina
First Solar launches a $330mn industrial project in Gaffney to add 3.7 GW of domestic solar capacity and create over 600 jobs, strengthening its manufacturing presence in the United States.
Ecopetrol acquires 0.6 GW solar portfolio from Statkraft for $157.5mn
Ecopetrol has finalised the acquisition of solar assets in Colombia from Statkraft for $157.5mn, adding more than 0.6 GW of installed capacity to its energy portfolio.
Kuwait launches tender for 500 MW solar project
The Kuwaiti government has invited six international consortia to submit bids for a new 500-megawatt solar project under phase III of the Al Shagaya complex.
Exowatt raises $50m to speed up solar unit deployment near AI data centres
Exowatt strengthens its capital to industrialise its P3 solar solution and meet the strong demand from AI-powered data centres across the United States.
Illinois clarifies county authority over solar siting
A new law passed by the Illinois Legislature strengthens counties' power over siting commercial solar projects in unincorporated areas, amid a legal dispute between Grundy County and the City of Morris.
T1 Energy injects $100mn to relaunch G2_Austin and accelerates G1_Dallas output
US-based T1 Energy strengthens its industrial footprint with two successive capital injections and prepares for the launch of its G2_Austin facility, while doubling production at its G1_Dallas site in the fourth quarter.
Velto Renewables takes full control of Les Îlots Blandin floating solar plant
Velto Renewables becomes the sole owner of Europe's largest floating solar power plant after finalising the transaction with Q ENERGY, strengthening its presence in France.
Voltalia commissions 126 MW Sarimay solar power plant in Uzbekistan
Voltalia has launched electricity production at Sarimay Solar, a 126-megawatt solar plant in Uzbekistan, marking a key milestone in the deployment of new photovoltaic capacity in the country.
rPlus Energies strengthens its portfolio with 900 MW of solar and storage projects in Idaho
rPlus Energies has completed the acquisition of two solar and storage projects totalling 900 MW in Ada County, reinforcing its position as a key energy player in the western United States.
Sattel secures licence for solar power plant in Kongo-Central
Sattel International receives a licence to develop a six MWp solar power plant with storage in Luozi, a project aimed at strengthening electricity supply and supporting economic activities in this area of Kongo-Central.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.