£38m acquisition of 50MW solar project

We are excited to announce a £38m acquisition of a ready-to-build 50MW solar project in Richmond, North Yorkshire.  

The ground mounted project will be constructed under a fully wrapped EPC contract. ROOF will be investing a total of £38m over a 12-month period to acquire and construct the project for a target energisation date in Q2 2024. 

The Company is running a competitive process across corporate and utility offtakers for the sale and purchase of electricity generated by the project. Once energised, the project is expected to save 11,475 tonnes of CO2e a year and power an equivalent of 17,120 UK homes per annum. 

Gurpreet Gujral, Managing Director at Atrato Group, Investment Adviser to the ROOF, said:

“We are pleased to announce this acquisition which is our largest solar energy project to date. At IPO we stated our intention to build a diversified portfolio of behind-the-meter and front-of-the-meter solar assets whilst maintaining one of the lowest sensitivities to power prices in the sector. This brings us a significant step closer in delivering on our strategy.”   

Head to the investor centre to find out more: www.atratorenewables.com/investor-centre/