Schroders Greencoat, a renewable funding supervisor and a part of Schroders Capital, has agreed to accumulate a 283-megawatt-peak (MWp) photo voltaic photovoltaic (PV) portfolio from METLEN Vitality & Metals.
The portfolio, comprising seven initiatives in England and Scotland, consists of 143MW already operational and one other 140MW below building, with completion anticipated by the second quarter of 2026.
The initiatives are set to provide energy to roughly 89,333 houses and profit from long-term offtake agreements with corporations akin to Vodafone and Engie.
The transaction marks a continuation of the collaboration between Schroders Greencoat and METLEN following the acquisition of a UK photo voltaic portfolio of roughly 110MW in 2024.
The portfolio consisted of three photo voltaic belongings at Gorse Lane in Lincolnshire, Defford in Worcestershire and Watnall in Nottinghamshire.
Schroders Greencoat portfolio supervisor Duncan Hale stated: “This acquisition represents a major milestone for each Schroders Greencoat and UK pension savers.
“In our view, by including these high-quality, income-generating photo voltaic belongings to our portfolio, we’re aiming to supply UK pension savers the chance to assist the UK’s transition to a low-carbon future, while additionally enabling them to learn from secure returns in a strategically very important sector.
“We’re actually happy to be working with METLEN once more and hope to proceed constructing on this profitable relationship.”
METLEN maintains a major presence within the UK market, specializing in advancing the nation’s vitality transition by initiatives in photo voltaic vitality, battery vitality storage techniques (BESS), versatile technology and grid infrastructure.
Akereos Capital offered monetary advisory providers to METLEN for this transaction, whereas Pinsent Masons served as authorized advisor.
Walker Morris served because the authorized advisor for UK actual property issues, whereas Harper Macleod offered related providers for Scotland, each on behalf of METLEN.
METLEN renewables and vitality transition platform chief government director Nikos Papapetrou stated: “This transaction represents one other essential milestone within the profitable implementation of METLEN’s international asset rotation technique. It demonstrates how well-structured initiatives mixed with the distinctive building and execution capabilities of METLEN proceed to draw high-quality institutional traders, permitting us to crystallise worth.
“Over time, we’ve got established a robust relationship with Schroders Greencoat, one of the crucial outstanding traders within the UK renewable vitality sector, and this transaction additional highlights how mutual belief and aligned long-term targets permit constructing long-term-value-enhancing cooperations.”
