January 24 (Renewables Now) – London-based actual belongings investor Alpha Actual Capital LLP introduced on Monday that it has acquired an GBP-86-million (USD 116.1m/EUR 102.6m) photo voltaic portfolio firm Innova Power within the UK.
With this acquisition, Alpha takes over 17 working photo voltaic farms with a mixed capability of 61.5 MW. Extension and growth rights have been included within the buy, in response to Alpha’s press launch.
“The addition of this portfolio takes Alpha’s photo voltaic belongings to 215 MW and 45 websites. Following a robust market restoration, we anticipate remaining energetic out there as we proceed to supply alternatives that can ship the UK’s vitality transition,” Will Morgan, head of renewables at Alpha Actual Capital, stated within the assertion.
The newest transaction follows Innova Power’s sale of 57 feed-in-tariff backed rooftop photo voltaic PV belongings to UK renewables investor Octopus Renewables in August 2021.
(GBP 1.0 = USD 1.35/EUR 1.19)