Schroders Greencoat agrees to acquire a 283 MW solar project portfolio from METLEN Energy & Metals in the UK, reinforcing their strategic partnership and enhancing both organizations' renewable energy investments.

Target Information

Schroders Greencoat has finalized an agreement with METLEN Energy & Metals to acquire a portfolio of seven solar projects in the UK, totaling 283 MW of operational and under-construction capacity. These projects, strategically situated across England and Scotland, have been developed, constructed, and commercially structured by METLEN. Of the total capacity, 143 MW are operational, while 140 MW are under construction with expected commercial operation dates (COD) in the second quarter of 2026, collectively powering approximately 89,333 households. This portfolio is secured by long-term offtake agreements with reputable firms like Vodafone and Engie, ensuring robust revenue visibility and cash flow stability.

Industry Overview

The renewable energy sector in the UK is witnessing a significant transformation, underpinned by governmental policies aimed at achieving net-zero carbon emissions by 2050. This ambitious goal has spurred investments in solar energy and other renewables, making the UK one of the leading markets for green energy innovations. The solar industry has particularly benefited, with advancements in technology leading to reduced costs and increased efficiency of solar installations.

As of 2026, the UK boasts an expanding solar capacity, bolstered by initiatives such as the Contracts for Difference (CfD) scheme, which promotes investment in renewable technologies through financial