We are pleased to announce the acquisition of a large operational rooftop solar portfolio for £77.3m through a share purchase agreement.
The portfolio comprises 34MW of solar PV systems situated on c. 9,500 residential rooftops across the UK. The portfolio benefits from payments pursuant to the government’s feed-in-tariff (“FIT”) scheme, payable directly to the Company by the respective utility companies.
The Company and Atrato Group believe this portfolio to be a highly accretive addition to the Company’s portfolio of solar assets due to its attractive return profile, with revenue streams underpinned by the government and 100% uncapped RPI inflation linkage.
The portfolio is expected to generate 30GWh of clean energy annually, saving 5,800 tonnes CO2 emissions per annum, equivalent to planting 230,000 trees.
Read the full RNS: https://lnkd.in/eyf3HvfS