Residential Solar Installation acquired from US Infrastructure Fund
Spring Park Capital (“Spring Park”) has lead the acquisition of a 8.7MW portfolio of residential solar power installations from an infrastructure fund based in the US. 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 2,940 separate solar installations located on residential properties throughout the UK. The installations were completed
in 2013-2015 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.