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Equitix acquires a 20MW operational UK solar PV portfolio

30 Jun 2016

Equitix Fund IV has completed on the acquisition of a 20MW operational solar PV portfolio from the NYSE-listed solar developer ReneSola.   The portfolio consists of four utility-scale 5MW solar farms situated across four separate locations in Derbyshire, Devon, Nottinghamshire and Northamptonshire.   Each of the four solar farms, which were connected to the grid in March 2016 and are now fully operational, benefit from long-term, RPI-linked revenues derived from the Renewable Obligation Certificate scheme (1.3 ROCs).   Ongoing O&M services to each of the sites shall continue to be provided by ReneSola.

The acquisition marks a significant development for Equitix, representing the first solar PV acquisition in the UK and following shortly on from the acquisition of an Italian solar portfolio by Equitix Fund IV in Q1 2016.    

Equitix’s Chief Executive Officer, Geoff Jackson, commenting upon the transaction, said, “This initial acquisition into the UK ground-mounted solar sector constitutes an important milestone for Equitix as we continue to selectively diversify our investment portfolio into attractive opportunities within the UK renewable energy sector, enabling our investors to benefit from the stable, long-term cashflows associated with this asset class whilst enhancing the proportion of the UK’s energy demands that can be met from renewable sources”.

About Equitix:

Equitix was established in 2007 and is based in London. Equitix is an integrated core infrastructure asset management and primary project platform and typically invests in UK infrastructure projects with long-term revenue streams across the healthcare, education, social housing, highways and street lighting, offshore transmissions and renewable and waste sectors. Tetragon (TFG) owns 85% of the business; over time, TFG’s holding is expected to decline to approximately 74.8%. Management own the balance. Equitix Investment Management Limited is authorised and regulated by the UK Financial Conduct Authority.

This release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any state or jurisdiction.