Financial investment manager obtains 62MW UK solar portfolio
- Alpha Real Capital has actually purchased 17 projects via its purchase of Innova Energy
Genuine assets investment manager Alpha Real Capital has acquired Innova Energy, which has a solar energy portfolio totalling virtually 62MW in the UK.
The 17 PV projects, valued at ₤ 86m, are located across the UK and consist of expansion and development legal rights.
They generate regarding 540 gigawatt-hours of electrical energy a year, comparable to powering 186,000 houses.
Alpha Real Capital head of renewables Will Morgan claimed: "The enhancement of this portfolio takes Alpha's solar properties to 215MW and 45 websites.
" Adhering to a strong market healing, we prepare for staying energetic in the marketplace as we continue to source opportunities that will supply the UK's energy shift."
Alpha chief executive Phillip Rose said: "This most recent financial investment takes our renewables financial investment programme to over ₤ 800m expanded throughout wind, solar as well as hydro.
" With over ₤ 2bn now purchased renewables infrastructure and also social infrastructure, Alpha's funds remain to concentrate on responsible investing in industries that make a positive contribution to the atmosphere as well as society."
Alpha was encouraged on the purchase on English law by Lux Nova Partners, Moore Kingston Smith on tax and also financial issues, ITPEnergised on technical considerations, Mills Selig on realty as well as Harper Macleod on Scottish regulation.
