Atrato acquires 50MW UK solar project
- Atrato will certainly invest ₤ 38m over a 12-month duration to acquire and build the project in Yorkshire
Atrato Onsite Energy, the investment firm concentrating on clean energy generation, has acquired a ready-to-build 50MW solar project in Richmond, North Yorkshire.
The ground installed project will certainly be built under a completely wrapped EPC contract.
Atrato will spend an overall of ₤ 38m over a 12-month period to acquire and build the project for a target energisation date in Q2 2024.
Harmony Energy Limited, among the vendors, will certainly remain to support Atrato with the distribution of the project.
Additionally, Atrato is running an affordable procedure across business as well as utility offtakers for the sale as well as purchase of electrical power produced by the project.
As soon as energised, the project is expected to save 11,475 tonnes of CO2e a year as well as power an equivalent of 17,120 UK homes per annum.
Gurpreet Gujral, handling supervisor of Atrato Partners, the financial investment consultant to the business, said: "We delight in to introduce this purchase which is our biggest solar power project to date.
" At IPO we mentioned our intent to construct a diversified portfolio of behind-the-meter and front-of-the-meter solar assets whilst maintaining among the lowest level of sensitivities to power rates in the sector.
" This brings us a significant action closer in supplying on our strategy."
