Downing Renewables gets 13-MWp solar PV portfolio in UK

• London-based Downing Renewables as well as Infrastructure Trust Plc (LON: DORE) has bought a portfolio of 2 functional solar photovoltaic or pv (PV) assets with an incorporated capacity of 13 MWp in the UK.

The deal includes two ground-mounted solar ranches as well as regarding 1,600 commercial and also residential installations with secured feed-in tolls as well as renewable obligation certification subsidies.

The purchase cost stood at GBP 12.6 million (USD 15.7 m/EUR 14.2 m) in cash, DORE stated in a statement on Thursday.

"This portfolio was particularly eye-catching as a result of its high levels of repaired, inflation-linked revenues," claimed Tom Williams, partner and also head of power and infrastructure at DORE's investment manager Downing LLP.

The investment company kept in mind in the statement that after this purchase it will certainly remain unaffected by the UK Electricity Generator Levy (EGL).

With the enhancement of both PV websites, DORE's portfolio currently houses concerning 4,800 handled solar assets with an overall annual ordinary production of 101 GWh.