Atrato purchases owner of 33-MW solar portfolio from GIG's Cero Generation

Sep 7, 2022 11:16 AM ET
  • Renewables investment trust Atrato Onsite Energy plc (LSE: ROOF) today stated it has gotten a business that owns 33 MW of solar parks in the UK from Cero Generation, an independent portfolio firm of Macquarie's Green Investment Group (GIG).
Atrato purchases owner of 33-MW solar portfolio from GIG's Cero Generation
Image: Robert Pittman

The purchase of Sonne Solar Ltd will bring 32 rooftop as well as ground-mounted behind-the-meter photovoltaic (PV) systems to Atrato's portfolio, in addition to an added growth pipe of 33 projects.

The gotten solar plants operate under power purchase agreements (PPA) with institutional-grade celebrations and also benefit from profits from annual rising cost of living or taken care of uplifts. The continuing to be ordinary maturity of the power off-take contracts is 21 years. The advancement portfolio, at the same time, is part of a framework agreement with a single FTSE100 company, the purchaser stated without divulging further information.

Independently, Atrato has actually gotten to economic close on a 1-MWp rooftop solar project that has in location a 25-year PPA with a unit of Swedish pharmaceutical group Recipharm AB and also will certainly be finished by end-2022.

The project funding and also the purchase of Sonne Solar needed an investment of over GBP 31 million (USD 35.6 m/EUR 36m), the company said.




SOLAR DIRECTORY
Solar Installers, Manufacturers