Schroders Greencoat, the renewables infrastructure management arm of Schroders Capital, has expanded its UK solar portfolio by acquiring three solar PV assets from Metlen Energy and Metals, formerly known as Mytilineos. The new additions include ground-mounted solar developments in Lincolnshire, Worcestershire, and Nottinghamshire, with a combined capacity of approximately 110MW.

With this acquisition, Greencoat’s operating solar portfolio now totals around 1.9GWp. Lee Moscovitch, partner at Greencoat, stated, “We are pleased to add these assets to our growing UK solar portfolio. This acquisition underscores our commitment to delivering stable and sustainable returns to our valued investors. As the renewable energy industry works towards achieving the UK Government’s ambitious 2035 solar targets, this transaction further solidifies our position as a leading player in the sector.”

This strategic move cements Greencoat’s status as the largest manager of operating ground mount solar farms in the UK. Earlier this year, the company acquired Toucan Energy, securing 53 solar farms with a combined capacity of 513MW in a £700 million deal. These developments are likely to be highlighted at upcoming property networking events in Lincolnshire and real estate networking events in Worcestershire, providing opportunities for industry professionals to engage with these projects and explore potential collaborations.

Greek firm Mytilineos, now rebranded as Metlen Energy and Metals, continues to make strides in the UK renewable energy sector. The company secured an engineering, procurement, and construction (EPC) contract for the 373MW Cleve Hill solar project in Kent in 2023. This project includes a co-located 150MW battery energy storage system (BESS), which Metlen successfully appealed against Swale Council’s initial refusal of consent.

The developer now oversees over 439MW of solar and 732MW/1.18GWh of BESS projects in the UK. These projects will undoubtedly be mentioned at networking events and upcoming property networking events in Nottinghamshire, offering insights into the expanding renewable energy landscape.

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