What signals a healthy and maturing renewable energy market? One clear sign is when developers successfully exit projects after moving them from concept to contracted assets. BOOM Power’s latest transaction reflects this cycle in action, highlighting how UK solar projects are attracting long-term investors once development risk has been fully addressed.

BOOM Power announced the completion of the sale of the New Hall solar project and its remaining minority stake in the Low Farm solar project to Downing. The deal, finalized on December 23, 2025, marks BOOM Power’s full exit from both assets following the development and investment phase. While the transaction value was not disclosed, the move underscores a deliberate capital recycling strategy within the UK solar market.

The transaction covers a combined 72.1 MW solar portfolio located in Wakefield, West Yorkshire. The larger asset, Low Farm, is a 49.9 MW solar project that also features a co-located energy storage system, adding operational flexibility and grid support capabilities. The second asset, New Hall, is a 22.2 MW solar project situated in Overton, completing BOOM Power’s ownership transfer of all interests tied to the site.

By selling 100% of New Hall alongside its remaining minority holding in Low Farm, BOOM Power concludes its involvement at a point where construction, permitting, and revenue structures are firmly in place. This transition illustrates how experienced developers de-risk assets before passing them to long-term owners focused on steady operational returns.

One of the key value drivers in the portfolio is the contracted revenue profile at Low Farm. The project secured a 15-year Contract for Difference under the UK’s AR6 auction, with a strike price of £50.07 per MWh. This mechanism provides predictable income by stabilizing power prices over the long term, significantly reducing exposure to wholesale market volatility.

Such CfD-backed solar assets are particularly attractive to institutional investors, as they combine renewable generation with government-supported revenue certainty. For buyers like Downing, this creates a strong foundation for long-term yield-focused investment strategies.

From a strategic perspective, BOOM Power’s exit reflects a disciplined approach to development capital. By monetizing assets after the development and investment stage, the company can redirect resources into new solar and storage opportunities across the UK. PKF acted as financial and corporate advisor to BOOM Power, supporting the execution of the transaction.

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