The renewables arm of Schroders Capital has acquired a UK-based solar portfolio from Metlen Energy & Metals, a multinational industrial and energy company based in Greece, for an undisclosed amount.
The transaction, on behalf of one of its solar-focused private asset vehicles, strengthens Schroders Greencoat’s position as the largest manager of operating ground-mount solar farms in the UK which now totals approximately 1.9GW, the manager said.
The portfolio consists of three operating solar photovoltaic assets including Gorse Lane in Lincolnshire, Defford in Worcestershire, and Watnall in Nottinghamshire. They have a combined capacity of around 110MW.
Lee Moscovitch, Partner at Schroders Greencoat, said: “We are pleased to add these assets to our growing UK solar portfolio. This acquisition underscores our commitment to delivering stable and sustainable returns to our valued investors.
“As the renewable energy industry works towards achieving the UK Government’s ambitious 2035 solar targets, this transaction further solidifies our position as a leading player in the sector.”
Earlier this year, Schroders Greencoat acquired Toucan Energy, the largest operational solar portfolio traded in the UK, further supporting its leadership position in this asset class.
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