Aquila Capital, one of Europes leading independent alternative asset managers, today announces that it has purchased an additional photovoltaic park in the UK for an undisclosed sum. The plant is located close to Sheffield and has an installed capacity of 9.8 MWp. The transaction increases Aquila Capitals extensive track record in photovoltaic investments to 505 MWp.
The British developer Blue Planet Solar Holdings Ltd. developed the project in cooperation with Pfalzsolar GmbH, which also operated as the EPC. The photovoltaic plant was grid connected in March 2015 and qualifies for the ROC 1.4 support scheme. The park benefits from high quality equipment with poly-cristalline modules from REC, inverters from Sungrow and fixed mounting system from CWF.
Pfalzsolar GmbH is a subsidiary of Pfalzwerke Aktiengesellschaft, a leading German EPC and O&M provider who has become active in the UK photovoltaic market in 2014.
Susanne Wermter, Head of Aquila Capitals Special Investment Team, said: This is the second photovoltaic plant that we have acquired in the UK this year. We believe that Britains support scheme in combination with relatively high energy prices provides an attractive investment case. Our close cooperation with experienced and reliable partners like Pfalzsolar ensures that our investments in the region are successfully realised.
Thomas Kercher, Managing Director of Pfalzsolar, added: Turnkey photovoltaic plants in the UK have increasingly been gaining the attention of institutional investors. Together with Aquila Capital, we have been able to further expand our presence in the region.
Aquila Capital ranks fourth in Solarplazas recent 70 largest PV portfolios in Europe, making it one of the largest financial investors in this space.
Photovoltaic investments globally reached USD 149.6 billion last year, which was 25% higher than in 2013.² The strong increase in growth was largely driven by the significant decrease in production costs of photovoltaic energy, resulting in increased competitiveness for the energy source.