NESF Offloads 100MW Solar to Atrato for £46m

• NESF offloads 100MW UK solar for £46.2m, completing capital recycling; cuts RCF debt, crowning £119m disposals with a NAV uplift.

NextEnergy Solar Fund (LON:NESF) sold a 100-MW operational UK solar portfolio to Atrato Onsite Energy for GBP 46.2 million, completing its capital recycling programme. The assets comprise two subsidy-free 50-MW plants: The Grange in Nottingham and South Lowfield in Yorkshire. Proceeds will cut short-term debt under revolving credit facilities.

The disposal caps a programme in which NESF sold five UK solar assets totaling 245 MW, raising about GBP 119 million. The fund said the sales delivered an estimated net asset value uplift of GBP 0.0244 per ordinary share.

What are the PPA terms and offtakers for The Grange and South Lowfield?

• The Grange (50 MW, Nottinghamshire): Sold power under a short‑to‑medium‑term route‑to‑market PPA with an investment‑grade UK utility; counterparty name and detailed terms have not been publicly disclosed.
• South Lowfield (50 MW, Yorkshire): Also contracted via a rolling route‑to‑market utility PPA with fixed/hedged pricing periods; counterparty name and specific tenor/pricing terms have not been publicly disclosed.