Rockspring Property Investment Managers has announced the completion of Phase I of the UK's first-ever solar park. Located on a former World War II airfield at Rockspring's Westcott Venture Park in Buckinghamshire, the solar park will initially produce around 365,000 kWh per year.

Westcott Venture Park is owned by Rockspring Hanover Property Unit Trust. Constructed by German company, Solon SE, the Westcott Solar Park initially comprises 1,512 solar panels arranged in 23 rows, covering 3.5 acres of a redundant runway. Rockspring will supply the generated power, which has a peak capacity of 408 kW, to its business tenants. The scheme is eligible for the renewable energy Feed-In-Tariffs, a grant provided by the UK government to support the production of green energy.

In addition, Rockspring was recently granted planning permission to expand the project to cover the entire 1.5 km runway and is currently evaluating plans to deliver this extension to the project later this year. Once fully complete, the solar park will create enough energy to meet the usage of all the businesses on the park, equivalent to providing power for over 400 homes.

London-based Rockspring has EUR 7.5 bn worth of assets under management across Europe with offices in Germany, France, Spain, the Netherlands, Belgium, Finland and Hungary.