Vector Cuatro, technical advisor on the sale of Primrose Solar projects
The Spanish group has advised Primrose Solar from the early stages of their project to their recent divestment, providing technical support during the development and construction of most of its plants and the sale of its entire portfolio.
Primrose Solar, one of the leading solar PV developers in the UK, recently announced the sale of its five remaining solar assets that total 80 MW. This is the third successful sale process carried out by Primrose in 2016. The company closes the cycle that began in 2013 with the investment in four projects with fixed mounting structure. Primrose Solar’s portfolio reached 253 MW with 15 solar farms in England and Wales, including some of the largest plants in the country and built under some of the best quality standards that can be found in the UK.
Vector Cuatro has actively participated during all phases of most of these projects. The company has supported the Primrose Solar team from the initial analysis to the sale of the portfolio, providing also the technical support during construction and commissioning.
Giles Clark, CEO Primrose Solar, said that “Primrose is delighted to have enjoyed a very close and constructive working relationship with Vector Cuatro. Vector Cuatro’s support has been invaluable in helping us to complete a demanding set of transactions in 2016 and we have very much appreciated the depth of their technical expertise and the quality of their work”.
Vector Cuatro entered the UK´s renewable energy market for the first time in 2011 as Technical advisor for solar PV power projects. Since then, the company has carried out several technical advisory projects positioning itself as a key reference in this market. In 2015, with the aim of providing an improved service to projects in the UK as well as continuing to strengthen its international presence, Vector Cuatro opened a new office in London.
At the moment, Vector Cuatro has taken part in more than 600 projects in 22 countries worldwide and is internationally ranked as one of the most important companies in the renewable energy industry. It has over 1.5 GW of power under management, 4 GW in financial advice and counts with a track record of 16 GW throughout the entire value chain of the projects.