Natural Power advises on UK’s largest operational solar portfolio


Main renewable vitality consultancy and repair supplier, Pure Energy, acted as the seller’s technical advisor for the sale of Toucan Power’s photo voltaic portfolio, which contains 53 operational photo voltaic farms within the UK. With a mixed capability of 513.5 MWp throughout England, Wales, and Northern Eire and powering the equal of roughly 184,000 properties, the portfolio is the most important operational photo voltaic portfolio transacted within the UK to this point.

Fuaad Mukadam, Principal Technical Advisor and the Mission Supervisor for this deal at Pure Energy, mentioned: “Given the scale and complexity of this historic portfolio and deal, we’re proud to play an essential function as a technical advisor on this transaction. This essential transaction not solely continues to assist the UK’s clear vitality technique and targets, but additionally underlines our dedication to the journey in direction of net-zero emissions.

Schroders Greencoat has agreed to amass the Toucan Power portfolio following a aggressive bidding course of managed by the joint administrator of Toucan Power Holdings 1 Restricted at Interpath Advisory.

The vast majority of the portfolio is made up of Schroders Greencoat’s long-term managed funds, together with Greencoat Photo voltaic II LP and Greencoat Renewable Earnings LP, in addition to not too long ago launched mandates. A big share has been acquired in six Native Authorities Pension Schemes: Avon, Cornwall, Devon, Gloucestershire, Oxfordshire and Wiltshire Funds by Schroders Greencoat Wessex Gardens LP, a place-based and locally-focused renewable vitality infrastructure fund established in final yr. Tokyo Century acted as a co-investor within the acquisition.

Jim Tucker, Managing Director of Interpath Advisory and joint managing director of Toucan Power Holdings 1 Restricted, mentioned: “We’re delighted to have reached this landmark settlement with Schroders Greencoat which is able to see this glorious photo voltaic portfolio transfer into the bag possession, which supplies the perfect worth and generates a major return for the debtors of the portfolio.

“This can be a very aggressive gross sales course of, which requires plenty of preparation, due in no small half to the truth that properties of this scale and high quality not often come to market. We sit up for finishing the transaction in coming weeks.”



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