Next Energy Solar Fund has bought two portfolios of rooftop solar PV.
Totalling 1.15MW across 282 roofs, the fund paid £3.6m.
That represents a significant premium on NESF’s recent deals for ground-mount solar. Last month the firm acquired 10 solar farms with a total capacity of 66.8MW for £42.2m.
The because the assets are mostly small domestic installations, connected in 2011 and 2012, therefore benefitting from generous feed-in tariff subsidies of up to 41.3p/KWh until 2036/37.
Seven of the assets are commercial rooftop installations.
The deal sees NESF’s portfolio inch up to 691MW, which it says represents an investment value of £894m.