NextEnergy Solar Fund sells 100MW UK solar portfolio to Atrato Onsite Energy

This transaction marks the completion of NextEnergy's capital recycling programme, which has generated around £119m through the disposal of 245MW of UK solar assets. The portfolio comprises two subsidy-free utility-scale solar projects. The sale represents a 1.1x multiple on invested capital. Proceeds from the transaction will be used to reduce the company’s drawn short-term debt through its revolving credit facilities. Across four phases of the programme, the company sold five UK solar assets with a combined capacity of 245MW. The disposals generated around £119m and delivered an estimated net asset value uplift of 2.44p per ordinary share. Quote: "The company said the £46.2m transaction marks the completion of its capital recycling programme, which has generated around £119m through the disposal of 245MW of UK solar assets." Quote: "NextEnergy Solar Fund added the portfolio comprises two subsidy-free utility-scale solar projects" Quote: "The sale represents a 1.1x multiple on invested capital, according to the company." Quote: "Proceeds from the transaction will be used to reduce the company’s drawn short-term debt through its revolving credit facilities." Quote: "Across four phases of the programme, the company sold five UK solar assets with a combined capacity of 245MW." Quote: "The disposals generated around £119m and delivered an estimated net asset value uplift of 2.44p per ordinary share."