PPA-backed solar roll-out sees £20 million pledge in the UK

NESF and Zestec have joined forces for the development of a commercial portfolio in the U.K. NESF provides the capital, which will be refinanced through the proprietary PPA model by Zestec. U.K.-based solar asset manager Zestec, and the U.K.’s largest solar fund NextEnergy Solar Fund (NESF) have entered into a framework agreement. According to the statement made by the two companies, the agreement foresees NESF’s financial involvement in installing commercial sized solar plants across the U.K., while Zestec will implement its proprietary Power Purchase Agreement model to the projects.