Atrato Onsite Energy Acquires GBP 9.3m Solar Assets in UK

Jun 4, 2024 04:52 PM ET
  • Atrato Onsite Energy plc acquires 3 solar systems in the UK, generating 10 GWh annually. A strategic investment in clean energy for a sustainable future.

Clean energy investor Atrato Onsite Energy plc has acquired three operational solar systems in the UK for EUR 11 million. The portfolio includes 7.7 MW of residential rooftop installations owned by UK housing associations, a 3.7 MW subsidy-free ground-mounted asset under a power purchase agreement, and a 1.7 MW ground-mounted site accredited under the government's renewable obligation certificate scheme. The assets have a 10-year average remaining contracted term and are expected to generate 10 GWh of clean energy annually, enough to power about 3,800 homes.

The acquisition aligns with Atrato's focus on clean energy investments and provides an attractive return profile. The rooftop solar project was realized by Solar Fast in the UK, and Atrato's purchase demonstrates its commitment to expanding its renewable energy portfolio. The assets benefit from payments under the government's feed-in-tariff scheme, showcasing Atrato's strategic investment in sustainable energy solutions in the UK market.

What are the details of Atrato Onsite Energy plc's recent solar system acquisitions in the UK?

  • Atrato Onsite Energy plc recently acquired three operational solar systems in the UK for EUR 11 million.
  • The portfolio includes 7.7 MW of residential rooftop installations owned by UK housing associations.
  • The acquisition also includes a 3.7 MW subsidy-free ground-mounted asset under a power purchase agreement.
  • Additionally, Atrato acquired a 1.7 MW ground-mounted site accredited under the government's renewable obligation certificate scheme.
  • The assets have a 10-year average remaining contracted term and are expected to generate 10 GWh of clean energy annually, which is enough to power about 3,800 homes.
  • The acquisition aligns with Atrato's focus on clean energy investments and provides an attractive return profile.
  • The rooftop solar project was developed by Solar Fast in the UK, showcasing Atrato's commitment to expanding its renewable energy portfolio.
  • The assets benefit from payments under the government's feed-in-tariff scheme, highlighting Atrato's strategic investment in sustainable energy solutions in the UK market.

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