NextEnergy Solar Fund Sells 100 MW UK Solar Portfolio to Atrato Onsite Energy for £46.2 Million
NextEnergy Solar Fund (NESF) has completed the sale of a 100 MW operational UK solar portfolio to Atrato Onsite Energy for £46.2 million, comprising the 50 MW Grange project in Nottingham and the 50 MW South Lowfield project in Yorkshire. The transaction completes NESF's four-phase Capital Recycling Programme, which divested 245 MW of UK solar assets generating approximately £119 million in total proceeds.
Transaction date:
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 100 MW
- Transaction price
- 46.2 million (currency as reported in the source)
- Buyer
- Atrato Onsite Energy
- Seller
- NextEnergy Solar Fund
- Country
- United Kingdom
- Region
- Nottinghamshire, Yorkshire
- Location
- Grange, Nottingham (50 MW); South Lowfield, Yorkshire (50 MW)
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Two subsidy-free utility-scale solar PV projects: the 50 MW Grange project in Nottingham and the 50 MW South Lowfield project in Yorkshire.
Additional information
Transaction price of £46.2 million. Across all four phases, NESF divested five UK solar assets totalling 245 MW, generating approximately £119 million in proceeds and delivering an estimated NAV uplift of 2.44p per ordinary share. Proceeds will be used to reduce drawn short-term debt through revolving credit facilities.
Source
Compiled by Renewables.digital from public announcements.