Acquisition of Solar Installations in the South West UK
Spring Park Capital (“Spring Park”) has lead the acquisition of a 9.55MW portfolio of commercial ground mounted solar installations from a UK based Venture Capital Investment Trust. Specialist renewable investor Spring Park, was supported by private investors and the transaction represents the latest in a series of acquisitions to consolidate the renewable energy power production market.
The portfolio acquired consists of 7 separate solar installations located on agricultural land in South West UK. The installations were completed in 2012-2013 and the acquisition marks a further “secondary” transaction by Spring Park providing liquidity to original shareholders.
"Spring Park was founded to undertake these complex technical transactions that are difficult for investors to execute without specialist knowledge" Jeremy Milne, Founding Partner at Spring Park, said, “This acquisition cements Spring Park’s reputation in the market as a preferred buyer of PV solar assets, especially ground mounted assets”
Spring Park was founded in 2015 by Jeremy Milne and completed its first acquisition in August 2015.