Large Residential Solar Portfolio acquired from Institutional Investor
Spring Park Capital (“Spring Park”) has originated and co-lead the acquisition of a 9.1MW portfolio of residential solar power installations. Specialist renewable investor Spring Park, was supported by an institutional investor and the transaction represents the latest in a series of acquisitions to consolidate the renewable energy power production market.
The portfolio acquired consists of 2,764 separate solar installations located on residential properties throughout the UK. The installations were completed in 2011-2016 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 residential rooftop”
Spring Park was founded in 2015 by Jeremy Milne and completed its first acquisition in August 2015.