Good Energy has agreed to sell its planned 49.9MW solar project on a disused airfield at West Raynham in Norfolk.
The project, which will generate enough clean electricity to power more than 11,000 homes, was granted planning permission by Norfolk County Council earlier this year.
Good Energy is selling the site to a member of China’s Trina Solar group for between £3.4 million and £6.8 million, resulting in a net profit of between £1.4 million and 3.8 million. The final figures will depend on when the site is complete and commissioned.
Juliet Davenport, Founder and CEO of the company said the transaction is part of the company’s overall strategy to develop and build renewable energy sites.
She added: “It supports our long term vision for the company to deliver 50% of our renewable electricity requirements from our own renewable generation assets by 2016.”