Aquila Capital, one of Europe's leading independent alternative asset managers, has purchased an additional photovoltaic park in the UK.
Aquila Capital, one of Europe’s leading independent alternative asset managers, has purchased an additional photovoltaic park in the UK for an undisclosed sum. The plant is located close to Sheffield and has an installed capacity of 9.8 MWp. The transaction increases Aquila Capital’s photovoltaic investments to 505 MWp.
The British developer Blue Planet Solar Holdings developed the project in co-operation with Pfalzsolar GmbH, which also operated as the EPC. The plant was grid connected in March 2015 and qualifies for the ROC 1.4 support scheme. The collectors employ poly-crystalline modules from REC, inverters from Sungrow and fixed mounting system from CWF.
Susanne Wermter, head of Aquila Capital’s Special Investment team, said: "This is the second photovoltaic plant that we have acquired in the UK this year. We believe that Britain’s support scheme in combination with relatively high energy prices provides an attractive investment case."
Thomas Kercher, Managing Director of Pfalzsolar, added: "Turnkey photovoltaic plants in the UK have increasingly been gaining the attention of institutional investors. Together with Aquila Capital, we have been able to further expand our presence in the region."
Aquila Capital ranks fourth in Solarplaza’s recent ’70 largest PV portfolios in Europe,’ making it one of the largest PV investors. Photovoltaic investments globally reached $149.6 billion last year, which was 25% higher than in 2013.