Schroders Greencoat Acquires UK-Based Solar Portfolio from METLEN Energy & Metals

Schroders Greencoat Acquires UK-Based Solar Portfolio from METLEN Energy & Metals

(IN BRIEF) Schroders Greencoat has acquired a UK-based solar portfolio from METLEN Energy & Metals, strengthening its position as the largest manager of ground mount solar farms in the UK, with a total capacity of 1.9 GWp. The portfolio includes three solar PV assets in Lincolnshire, Worcestershire, and Nottinghamshire, with a combined capacity of 110 MWp, enough to power approximately 41,300 homes annually. This acquisition supports Schroders Greencoat’s commitment to sustainable energy and achieving the UK’s 2035 solar targets.

(PRESS RELEASE) LONDON, 23-Jul-2024 — /EuropaWire/ — Schroders Greencoat has acquired a UK-based solar portfolio from METLEN Energy & Metals, strengthening its position as the largest manager of ground mount solar farms in the UK, with a total capacity of 1.9 GWp. The portfolio includes three solar PV assets in Lincolnshire, Worcestershire, and Nottinghamshire, with a combined capacity of 110 MWp, enough to power approximately 41,300 homes annually. This acquisition supports Schroders Greencoat’s commitment to sustainable energy and achieving the UK’s 2035 solar targets.

Schroders Greencoat, the renewables and energy transition infrastructure manager of Schroders Capital, has successfully acquired a UK-based solar portfolio from METLEN Energy & Metals, a multinational industrial and energy company headquartered in Greece.

This acquisition, made on behalf of one of Schroders Greencoat’s solar-focused private asset vehicles, reinforces its position as the largest manager of operating ground mount solar farms in the UK. The portfolio now totals approximately 1.9 GWp in capacity.

The newly acquired portfolio includes three operational solar PV assets: Gorse Lane in Lincolnshire, Defford in Worcestershire, and Watnall in Nottinghamshire. Combined, these assets have a capacity of approximately 110 MWp, capable of powering around 41,300 homes annually.

Lee Moscovitch, Partner at Schroders Greencoat, commented, “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.”

Earlier this year, Schroders Greencoat also acquired Toucan Energy, the largest operational solar portfolio traded in the UK, further establishing its leadership in the renewable energy market.

Schroders Greencoat 

Schroders Greencoat LLP, formerly Greencoat Capital LLP, is a specialist manager dedicated to the renewable and energy transition infrastructure sector. With teams in London, Dublin, Frankfurt, Copenhagen, Switzerland and Madrid, as well as in New York and Chicago, and around £10 billion under management*, Schroders Greencoat is one of the largest dedicated managers in Europe. It was founded in 2009 and currently has fund mandates with strategies investing into wind, solar, bioenergy and energy transition in the UK, Europe and the United States. In total, Schroders Greencoat manages over 325 renewable infrastructure assets with an aggregate net generation capacity of over 6.0 GW*.

For more information, please visit https://www.schrodersgreencoat.com.

Schroders Capital

Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on targeting best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $93.7 billion (£73.5 billion; €84.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 31 December 2023 (including non-fee earning dry powder and in-house cross holdings)

Schroders plc

Schroders is a global investment management firm with £750.6 billion (€866.2 billion; $956.9 billion) assets under management, as at 31 December 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,400 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.

Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private markets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.

Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.

Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority.  For regular updates by e-mail please register online at www.schroders.com for our alerting service.

About METLEN Energy & Metals:

METLEN Energy & Metals – evolution of MYTILINEOS Energy & Metals – is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and the circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.492 billion and €1.014 billion, respectively. METLEN is a reference point for competitive green metallurgy at the European and global level, whilst operating the only vertically integrated bauxite, alumina and primary aluminium production unit in the European Union (E.U.) with privately owned port facilities. In the energy sector, METLEN offers comprehensive solutions, covering thermal and renewable energy projects, electricity distribution and trading, alongside investments in grid infrastructure, battery storage, and other green technologies. The Company is active in the markets of all five continents, in 40 countries, adopting a full-scale synergetic model between the Metallurgy and Energy Sectors, while undertaking end-to-end development of major energy infrastructure projects.

Media Contacts:

Andy Pearce
Head of Media Relations
+44 20 7658 2203
andy.pearce@Schroders.com

Rachael Dowers
PR Manager
+44 20 7658 2086
rachael.dowers@schroders.com

Justine Crestois
PR Executive
+44 20 7658 5186

SOURCE: Schroders plc