Schroders Greencoat has closed the acquisition of a 100MW UK solar portfolio from Metlen Energy & Metals (formerly Mytilineos), a Greek multinational industrial and energy business.
The portfolio consists of three operating solar assets, including Gorse Lane in Lincolnshire, Defford in Worcestershire, and Watnall in Nottinghamshire.
Combined, they have a capacity of 110MW.
The transaction, on behalf of one of Schroders Greencoat’s solar-focused private asset vehicles, strengthens Schroders Greencoat’s position as the “largest manager” of operating ground mounted solar farms in the UK, which now totals approximately 1.9GW.
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.”