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Announced

Completed

NextEnergy Solar Fund completed the acquisition of The Grange project and South Lowfield project from Lightsource BP for £64m.

Financials

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Transaction Value£64m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United Kingdom

Alternative Electricity

Acquisition

Single Bidder

Friendly

Private

Majority

Electrical power generation

Completed

Domestic

Synopsis

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NextEnergy Solar Fund, an alternative energy provider, completed the acquisition of The Grange project and South Lowfield project from Lightsource BP, an electrical power generation company, for £64m. "The acquisition of the Grange brings NESF’s portfolio up to 92 operating solar assets, with a combined capacity of c.813MWp, which will grow to c.863MWp once South Lowfield is energised. The acquisition of both increases NESF’s portfolio capacity by 13%," Ross Grier, NextEnergy Managing Director.

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