+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
News Article

Atrato Onsite Energy to acquire 34MW operational rooftop solar portfolio


Atrato Onsite Energy plc, the investment company focusing on clean energy generation, has entered into a share purchase agreement to acquire 100% of a fully operational, 34MW solar portfolio consisting of 9,549 rooftop solar PV systems located across England and Wales for £77.3m.

The transaction, which is expected to complete within six weeks, is being acquired from a fund managed by Federated Hermes Infrastructure, the global, sustainable investment specialist. The transaction includes £38.7m of fixed rate existing project finance debt at an attractive cost of 2% and amortising over the 12-year contract term.

The portfolio benefits from revenue streams pursuant to the government’s Feed in Tariff (“FIT”) scheme, which have a 12-year unexpired term with annual, uncapped, uplifts, linked to the retail price index (RPI) and payable directly to ROOF by the respective utility companies. The FIT scheme was introduced in 2010 by the UK government to promote the uptake of renewable and low-carbon electricity generation.

The contracts have minimal exposure to wholesale power prices – a key focus for ROOF which has a 4% portfolio sensitivity to power price movement; the lowest in the sector.[1]

The portfolio has an operations and maintenance agreement (O&M) which covers all maintenance and day to day issues on the assets until the expiry of the lease. The O&M provider is highly experienced and manages 70,000+ similar residential installations.

The portfolio is helping to decarbonise domestic electricity consumption and support the UK’s Net Zero transition. It has generated 291 GWh of renewable energy to date, avoiding c. 55,000 tonnes of CO2 emissions since installation It is expected that the portfolio will generate an additional c. 390GWh over the remaining life of the asset, equating to a further carbon emission saving of c. 75,000 tonnes, equivalent to planting 3 million new trees.

Solar installations on residential properties are likely to increase in demand following UK government legislation that means all newly rented properties must have an Energy Performance Certificate (EPC) of at least “C” by 2025[2].

ROOF Outlook
Project Sol will mark the fifth acquisition made by Atrato Onsite Energy in the year to date. These transactions collectively represent an additional 120MW of solar PV capacity and £149m of investment[3] to the existing portfolio. Other notable acquisitions recently completed by the fund are, London Road, a 28MW solar PV project in Wellingborough, Northamptonshire, and Skeeby Solar, a 55MW solar PV project in Richmond, North Yorkshire.

Gurpreet Gujral, Managing Director of Atrato said:
“We are delighted to have agreed to acquire this significant rooftop portfolio which will provide immediate, long-term, highly contracted cash flows with 100% uncapped RPI linkage and UK government backing, supplying rooftop generated clean energy to nearly 10,000 homes.

[1] Atrato Interim Results 2023

[2] https://so-eco.co.uk/new-epc-regulations-2025

[3] Inclusive of existing project finance in Project Sol

Schletter Group: 48 MWp Project in Italy
ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Maximum profitability with KACO advanced technology for complex solar roofs
Enviromena wins contract to re-power three major solar farms ahead of the summer energy peak
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
Next2Sun Builds World's Largest Vertical PV Plant at Frankfurt Airport
DNV Publishes Bankability Study of Solcast Satellite Irradiance Data
Steel company SSAB switches to fossil-free energy in Italy with PV solution from Solnet
janom Investments enters the Croatian solar energy industry by investing in a 30 MW power plant project
Trina Solar Vertex S+ 505W n-type dual-glass modules enter mass production
BayWa r.e. and 3E sign partnership agreement for monitoring & analytics of global PV portfolio
Accelerating Spain's Energy Transformation: LONGi to supply Naturgy with 1 million modules in new deal
NTR announces corporate PPA with Almac Group to buy energy from Murley Wind Farm, Northern Ireland
Oxford PV sets new solar panel efficiency world record
Order Intake for the Construction of Wind Turbines in Turkey
Trilantic Europe acquires stake in AEROCOMPACT Group
Octopus Energy makes solar farm debut in Germany
Austria-based KOGA Energy, a solar EPC solutions provider, has kicked off.
Exus to acquire 625MW New Mexico solar portfolio
Capcora Accompanies SUSI Partners In Raising Senior Debt For a Polish Renewables Portfolio
Qualitas Energy acquires a 96 MW wind energy project pipeline in Germany
Nordex Group receives orders from the UK for approx. 150 MW
Trina Solar gains EPD certification from UL Solutions and EPDItaly for industry leading modules
Mandarin Oriental Hyde Park, London instals innovative solar tech to decarbonise heating
Efficiency First: The Road to Electrification
SCHLETTER Supplies Austria's Largest PV Roof System
E.ON partners with UK renewable heat innovator Naked Energy
Sonnedix signs innovative EUR500 million loan facility to finance construction of its renewable electricity pipeline in Europe and UK
Construction begins on Glennmont and Ørsted’s Borkum Riffgrund 3 offshore wind farm in Germany
ABB shores up reliable power supply at Southeast Asia’s largest floating solar plant
Sonnedix starts construction of 300MW UK solar PV portfolio

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: