Greencoat Capital has acquired Canadian Solar's 42 MW of UK solar assets, taking its stake in the UK market to approximately 470 MW and making it one of the largest asset owners in the country. The portfolio is made up of 24 sites across the UK with seven accredited under the feed-in tariff scheme and the remaining sites eligible for the Renewable Obligation Certificate scheme (ROC). "We are delighted that we have been able to secure a significant investment from Greencoat," said Mark Williams, CEO of SolarCity.
Greencoat Capital has acquired Canadian Solar's 42 MW of UK solar assets, taking its stake in the UK market to approximately 470 MW and making it one of the largest asset owners in the country. The portfolio is made up of 24 sites across the UK with seven accredited under the feed-in tariff scheme and the remaining sites eligible for the Renewable Obligation Certificate scheme (ROC). Canadian Solar operates the most effective downstream model of Asian-based investors in UK solar under the ROC scheme, said Finlay Colville, head of Solar Media's market research division.