Next Energy Solar Fund scoops up rooftop PV portfolios


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.

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As solar generation makes history, National Grid starts to feel the burn

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