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New Deal


Announced

Downing Renewables & Infrastructure Trust to acquire portfolio of operational solar PV assets (UK) for £12.6m.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Pending

operational solar PV assets

Acquisition

Friendly

Single Bidder

United Kingdom

Alternative Electricity

Domestic

Private

Infrastructure

Private Equity

Synopsis

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Downing Renewables & Infrastructure Trust, a closed-end investment trust, agreed to acquire portfolio of operational solar PV assets (UK) for £12.6m. "The expansion of our UK solar portfolio with a further 1.6k installations highlights a continued commitment to portfolio diversification. This portfolio was particularly attractive due to its high levels of fixed, inflation-linked revenues. After a strong year of performance and electricity generation in 2022 from our UK solar portfolio, we feel confident this acquisition can help continue to provide our investors with sustained, strong and stable returns," Tom Williams, Downing Partner, Head of Energy & Infrastructure.

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