Oxford Capital sells 6.7 MW solar residential portfolio

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Oxford Capital sells 6.7 MW solar residential portfolio

Oxford Capital has announced the sale of a 6.7MWp portfolio of residential solar power installations to Spring Park Capital, a specialist renewable investor supported by British Solar Renewables and Scandinavian industrial conglomerate Siem Industries.

The portfolio consists of 2,367 separate solar installations located on residential properties throughout the South West of England, acquired by Oxford Capital’s Solar EIS fund in 2011 and 2012. The sale marks the divestment of a small proportion of Oxford Capital’s current portfolio of solar assets, which includes ground-mounted as well as domestic and commercial rooftop installations.
Oliver Hughes, Partner and Head of Infrastructure at Oxford Capital said:
“This successful exit demonstrates Oxford Capital’s ability to aggregate, manage and sell high quality infrastructure asset portfolios, and we are delighted that we have been able to exceed our investors return expectations over the limited investment period.”
David Mott, Managing Partner at Oxford Capital, said:
“This sale further validates our approach to infrastructure investing. We make all of our investments in renewable power and other forms of distributed energy in collaboration with first-class partners. And throughout the holding period, we aim to maximise yield through a relentless focus on optimising asset performance in order to deliver returns.”
Jeremy Milne, Founding Partner at Spring Park Capital, said:
“This is the first in a series of strategic acquisitions for Spring Park Capital as we look to consolidate UK renewable power with our strategic partners British Solar Renewables.”
Angus Macdonald – Managing Director, British Solar Renewables, said:
“We continue to add renewable power production capacity to our portfolio of assets to complement our renewable power development capability”
The acquisition was financed by Macquarie Bank who have provided a finance facility to Spring Park Capital on undisclosed terms.
List of country news

Country news

  • September 23, 2015

    Estover announces successful financing of £138m Cramlington biomass CHP

    Estover has announced financing for the Cramlington CHP project in Northumberland, UK. John Laing Group plc has committed £48 million of equity and the UK Green Investment Bank plc alongside, £90 million of debt from Barclays Bank plc, with an export credit guarantee from EKF. Read more
  • September 23, 2015

    Globeleq announces the appointment of new Chairman and CEO

    Globeleq has announced the appointment of a new Chairman, Dr Reuel Khoza, CEO, Henry Aszklar, and other board positions. Read more
  • September 23, 2015

    EIB considers financing Neart Na Gaoithe offshore wind farm

    The European Investment Bank (EIB) is mulling financing the 450 MW Neart na Gaoithe offshore wind project in UK. Read more
  • September 23, 2015

    Glennmont Partners acquires UK biomass plant

    Glennmont Partners has acquired, for £160 million (US$247.2 million), the Port Clarence Energy project located on the banks of the River Tees in North East England. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.