Schroders Greencoat’s renewables and energy transition long-term assets fund (LTAF) has acquired a portfolio of seven UK solar projects from Metlen Energy & Metals.
The Schroders Greencoat Renewables+ LTAF, which is backed by consultant WTW’s master trust LifeSight, is acquiring the 283MWp portfolio from Metlen Energy & Metals for an unspecified sum.
The projects, located across England and Scotland, include 143MW of operational assets and 140MW under construction, with commissioning expected in the second quarter of 2026.
The deal marks the second transaction between Schroders Greencoat and Metlen, building on the 2024 acquisition of a 110MWp UK solar portfolio on behalf of the manager’s clients.
Duncan Hale, portfolio manager, Schroders Greencoat, said: “This acquisition represents a significant milestone for both Schroders Greencoat and UK pension savers.
“In our view, by adding these high-quality, income-generating solar assets to our portfolio, we are aiming to provide UK pension savers the opportunity to support the UK’s transition to a low-carbon future, whilst also enabling them to benefit from stable returns in a strategically vital sector.”
Nikos Papapetrou, chief executive director, renewables and energy transition platform, Metlen, said: “This transaction represents another important milestone in the successful implementation of Metlen’s global asset rotation strategy.
“It demonstrates how well-structured projects combined with the unique construction and execution capabilities of Metlen, continue to attract high quality institutional investors allowing us to crystallise value.”
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