Quercus invests in 21 photovoltaic projects
Infrastructure investment company Quercus Asset Selection has revealed details of a new, €360 million ($490 million) investment in the U.K.'s solar photovoltaic industry.
The deal, which will see London-based engineering firm Progressum partner with Quercus, will fund the installation of 21 PV plants in central-southern England throughout 2014, with a combined installed capacity of 254 MW.
Construction of the plants has been assigned to Bester Generacion, who had previously worked with Quercus on the installation of a 14 MW PV plant in Cornwall, south west England.
Once complete, this latest project will form part of the Quercus Renewable Energy Fund II. The largest single PV plant in this next phase of development will be 30 MW, and all projects are scheduled to begin commercial operation before the end of 2014.
Quercus Asset Selection's founding partner, Diego Biasi, said:
"With this further investment in U.K. PV projects, we underline our strong interest in the market. We also might provide our current and prospective investors, European and other, who are interested in taking exposure to the U.K. market, one of the most coveted for investments in renewable energy, with an opportunity for bespoke solutions due to the prospective and stabilized nature that this market will offer now and in the long run."
Country news
-
-
December 10, 2013
Actis destroys target raising $1.15b for third energy fund
Actis yesterday announced that it has closed its third energy fund, Actis Energy 3. The fund was heavily oversubscribed, raising a total of $1.15 billion, exceeding its original target of $750 million by 50%. Read more -
December 10, 2013
Glennmont partners secures 50m from the EIB for clean energy fund
Glennmont Partners, one of the largest infrastructure vehicles dedicated to clean energy across Europe, has secured a €50 million investment in its second fund by the European Investment Bank (EIB). The investment is the single largest clean energy equity investment made by EIB this year. Read more -
December 10, 2013
PIP in discussions with Dalmore Capital for equity mandate
The UK National Association of Pension Funds (NAPF), Read more -
December 11, 2013
S&P's assigns rating to bonds for Brunswick housing
. Read more -
December 11, 2013
Arcus Infrastructure Partners secures £500m for infrastructure investment in Europe
Arcus Infrastructure Partners announced in late November it has secured £500 million of capital for long-term investments in European infrastructure opportunities. Arcus is an independent infrastructure asset management business, with an investment team of 25 professionals, who have been responsible for originating, executing and managing over 50 transactions with EV in excess of €25 billion.
Read more
