Greencoat Solar acquires 142MW portfolio from Canadian Solar

NTR acquires 38.4MW in UK solar assets
Credit: Filip Fuxa

Greencoat Capital has acquired a 142MW portfolio of solar generation assets from Canadian Solar via its Greencoat Solar II LP.

The portfolio comprises 24 sites across the UK, all of which were developed by Canadian Solar.

The majority of the assets are accredited under the ROC regime (between 1.2 and 1.4 ROCs) and seven of the assets are accredited under the FiT regime.

Greencoat Capital now manages approximately 470 MW of solar generation capacity, across 60+ sites in the UK, and has deployed approximately £0.6 billion in the sector across two dedicated solar funds over an 18 month period.  Greencoat Solar is now one of the largest owners of solar assets in the UK.

Lee Moscovitch, Partner at investment manager Greencoat Capital, said: “Canadian Solar has developed a significant portfolio of high quality operating UK solar PV assets.  We are delighted with the transaction.

“We continue to see great opportunities in the secondary market and demand for exposure from investors.”