AlphaReal completes £90million of renewable energy acquisitions

AlphaReal, the specialist manager of secure income real assets, announces the completion of three UK renewable energy acquisitions worth over £90 million.

AlphaReal’s dedicated renewable infrastructure team has now deployed over £900 million in equity since 2013, with 40% of that deployment coming in the last 2 years.

The acquisitions of 88GWh p.a. of low carbon generation were completed in December by funds managed by AlphaReal, comprising:

  1. A 27.45MWp onshore wind portfolio of 10 turbines located in Fife, County Durham and Bedfordshire from a fund manager;
  2. A 9.2MWp onshore wind portfolio of 14 turbines located in Cumbria from EIS funds;
  3. A 0.5MWp single turbine site located in Leicestershire from private owners.

The combined emissions free generation of the assets acquired will result in an annual 25,000 tonnes of CO2e offset, equivalent to the footprint of over 5,500 homes.

Will Morgan, Head of Renewable Infrastructure, AlphaReal said: “Our latest acquisitions complete the £180 million capital deployment into our Wind Renewables Income Fund (WRIF) for UK institutional investors and take cumulative investment over £900 million to date, fantastic milestones for the business to reach.”

Boris Mikhailov, Head of Client Solutions, AlphaReal said: “Renewable energy as an asset class provides several attractions for investors. In addition to diversification benefits, it can provide an attractive steady income and solid total returns, as well as a high level of inflation protection. Demand from investors for renewable assets is increasing dramatically and Alpha is well positioned to facilitate such investment requirements for our growing institutional client base.”

Phillip Rose, CEO of AlphaReal
said: “We have invested steadily in our renewable infrastructure team since 2013, adding scale and depth to our capabilities. Our cumulative experience in the sector now amounts to over 100 years of infrastructure investment management, over £3 billion of acquisitions, and more than 3 GW of low carbon generation with extensive experience in both UK and European markets.”

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