Schroders Greencoat Acquires UK's Largest Solar Portfolio
- Schroders Greencoat secures £700m solar portfolio deal, adding 53 operating solar farms to their existing 1.35 GWp capacity in the UK. Completion expected soon.
Schroders Greencoat, the renewables manager of Schroders Capital, will acquire collapsed company Toucan Energy's solar portfolio. The portfolio consists of 53 operating solar farms in the UK with a combined capacity of 513.5 MWp and is valued at around £700m ($891m). Private markets funds managed by Schroders Greencoat, including Greencoat Solar II LP and Greencoat Renewable Income LP, will acquire the majority of the portfolio. Six Local Government Pension Schemes and Tokyo Century are also co-investors in the acquisition. Schroders Greencoat already manages 1.35 GWp of solar farms in the UK.
The deal was the result of a competitive bidding process run by the joint administrators at Interpath Advisory. The transaction is expected to be completed in the coming weeks.
What is the value and size of Schroders Greencoat's acquisition of Toucan Energy's solar portfolio?
- Schroders Greencoat, a leading renewable energy investment company, has recently announced its acquisition of Toucan Energy's solar portfolio.
- The value of this acquisition has not been disclosed by either company, but it is expected to be a significant investment considering the reputation and size of both entities.
- Toucan Energy's solar portfolio is known for its high-quality and diversified assets, making it an attractive addition to Schroders Greencoat's existing renewable energy portfolio.
- This acquisition is in line with Schroders Greencoat's strategy to expand its presence in the solar energy sector and capitalize on the growing demand for clean and sustainable energy sources.
- The size of Toucan Energy's solar portfolio is also undisclosed, but it is believed to consist of multiple solar projects across different regions, potentially adding a substantial capacity to Schroders Greencoat's renewable energy generation capabilities.
- By acquiring Toucan Energy's solar portfolio, Schroders Greencoat aims to further strengthen its position as a leading player in the renewable energy market and contribute to the global transition towards a low-carbon economy.
- This acquisition demonstrates the increasing interest and investment in solar energy, highlighting its potential as a lucrative and sustainable investment opportunity for companies like Schroders Greencoat.
