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U.K.'s Biggest Solar Plant Cleared for Take Off

Nov 16, 2012
Source: 
(Bloomberg)

Lark Energy, a unit of the homebuilder Larkfleet Ltd., won planning permission to develop a 32-megawatt solar park that will become the U.K.’s largest photovoltaic plant.

The company intends to complete the 35 million-pound ($55 million) plant before April, when subsidies are due to be reduced, according to a statement on its website today. It will install 125,000 solar panels on 150 acres between the runways of a former military airfield in Wymeswold, which is between Leicester and Nottingham in central England.

The project covering the equivalent to about 87 soccer fields has more than six times more capacity than any U.K. solar park in operation. Its development is an indication that the cost of solar panels has fallen so much that developers are working on utility-scale plants too big to qualify for the most lucrative subsidies in Britain.