Ortus Energy has signed an exclusive long-term partnership with Canadian investor Fiera Infrastructure to deploy up to £100m of capital into the UK commercial and industrial (C&I) roof top solar PV space.
The investment will be used for projects to be developed by Ortus that satisfy Fiera Infrastructure’s investment criteria.
Under the agreement, Ortus Energy will manage the development and construction of C&I rooftop solar projects in the UK 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 PPAs.
Ortus is part of the Integrum Power group of companies and is a platform for developing and constructing C&I solar projects.
With strong in-house engineering capabilities and an experienced management team, Ortus already has approximately 150MW of C&I solar projects under development.
Fiera Infrastructure has approximately C$2.7bn (€1.8bn) in assets under management as of June 30, 2021, including capital commitments.
The fund’s mandate is to take a long-term approach to infrastructure investing across all subsectors of the infrastructure asset class in selected OECD countries.
Fiera Infrastructure has significant experience investing in renewable energy assets, with ownership interests in wind, solar and hydro assets in Canada and the United States, as well as rooftop solar and waste-to-energy assets in the UK.
Fiera Infrastructure is an established investor in the UK residential and commercial Solar PV space with a current portfolio of 53MW.
Ortus Energy managing director Alistair Booth 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.
“We are proud to be part of the renewable energy revolution taking part in the UK and across the world.”
Fiera Infrastructure president 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.”