Toronto-based investment firm Fiera Infrastructure is planning to invest up to £100m (€117.4m) in UK solar assets in a venture with solar projects developer Ortus Energy.
London-based Ortus Energy said Fiera Infrastructure has agreed to deploy the capital into the UK commercial and industrial (C&I) rooftop solar photovoltaic (PV) space for projects which will satisfy Fiera Infrastructure’s investment criteria.
Ortus Energy will manage the development and construction of C&I rooftop solar projects on behalf of Fiera Infrastructure.
The investments in these projects will allow businesses in the UK to access the benefits of PV solar technology with no upfront cost under power purchase agreements.
Alistair Booth, managing director of Ortus Energy, said: “The signing of this deal between Fiera Infrastructure and Ortus Energy shows that not only is solar PV becoming a mainstream investment for international capital, but also just how much investors value the UK market as a safe bet for future growth.
Alina Osorio, president of Fiera Infrastructure, said: “The new partnership with Ortus Energy will not only provide our investors with an additional exposure to an attractive infrastructure subsector that offers appealing risk-adjusted return and yield profiles but will also further highlight Fiera Infrastructure’s commitment towards building a global portfolio with attractive ESG characteristics and with low carbon footprints for our investors.”
Fiera Infrastructure has experience investing in renewable energy assets, with ownership interests in wind, solar and hydro assets in Canada and the US, as well as rooftop solar and waste-to-energy assets in the UK.
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