The Fleet solar project will be supported by a government-backed Contract for Difference (CfD) offtake agreement.
March 18, 2026
Asset manager Capital Dynamics has bought a planned 63MW solar PV project from German-owned renewables developer Baywa r.e.. 
The Fleet solar project, in north Hampshire, is due to begin construction in 2027, the firm said, and will be supported by a government-backed Contract for Difference (CfD) offtake agreement. It will likely begin commercial operations in 2028. 
“The UK remains one of our core markets for investment, underpinned by strong fundamentals. We continue to see sustained momentum for the wider energy transition at a time when more investment is needed to meet the UK’s dual energy security and climate goals,” said Barnet Coals, senior managing director at Capital Dynamics. 
This is the third UK solar project Capital Dynamics has bought from Baywa r.e.. In December, it announced the sale of two projects in Leicestershire and North Somerset with a combined capacity of just under 90MW. 
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“Fleet Solar Farm demonstrates the strength of our development capabilities and highlights the quality of the projects in our pipeline. We are delighted to have secured a CfD contract in AR7, which further enhances the project's long-term value,” said Sarah Drummond, director of commercial, risk and project delivery at Baywa r.e. UK & Ireland. 
The developer said that it will incorporate sheep grazing and wildflower meadows at the site near Fleet.
Baywa r.e. is currently developing a 140MW solar-plus-storage project in south Derbyshire which was greenlit by Energy Secretary Ed Miliband last June. The project is designated as a Nationally Significant Infrastructure Project (NSIP). 
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Will Norman
Senior Reporter, Informa
Will is a senior reporter who primarily covers the policy and geopolitics behind the energy transition, with a particular focus on manufacturing. 
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