AlphaReal acquires 33MW greenfield ground-mount solar asset

AlphaReal, the specialist real assets investment manager, has completed the acquisition of a 33MW ground-mount solar asset located near Darlington.

The greenfield asset is currently under construction. When completed, it will provide much needed additionality as the UK races to decarbonise the grid by 2035. The projected clean energy output from the site is expected to be equivalent to the energy consumption of over 8,700 average UK households, resulting in a carbon offset of up to 8,000 tonnes per annum.

AlphaReal recently surveyed(1) pension funds and insurers who have existing allocations to the renewable energy sector and found that most (95%) expect to increase allocations over the next five years.

Ed Palmer, CIO and Head of Sustainability at AlphaReal said: “AlphaReal’s acquisition of the asset helps to meet increasing investor demand in the renewable energy sector, a trend that we expect to continue. AlphaReal has been investing in the sector for over 10 years, and we plan to continue deploying capital into attractive renewable energy projects, providing our clients with an opportunity to increase their exposure to this market.”  

Raza Ali, Investment Director Renewable Infrastructure at AlphaReal said: “This acquisition aligns with AlphaReal’s increasing focus to invest in greenfield assets that are either under construction or have planning permission and grid connection in place. This approach can decrease development risk for investors whilst providing additionality which is what we need in the UK to meet Net Zero targets.”

AlphaReal’s renewable infrastructure offering follows a diversified UK-wide investment approach where it primarily invests in onshore wind and ground mount solar assets, both established renewable technologies that have been deployed at scale. AlphaReal works with a wide range of UK and European investors, including pension funds, insurers, and other large institutional investors.

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