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

NextEnergy Solar Fund completed its capital recycling program with the £46.2 million divestment of a 100MW UK solar portfolio to Atrato Onsite Energy. This transaction, announced on 2026-03-10, transfers two operating projects, Grange and South Lowfield, located in Nottingham and Yorkshire, to the UK-listed buyer. The sale price of £46.2 million for 100MW of operational capacity values the assets at approximately £462,000 per megawatt. NextEnergy, a Guernsey-listed fund, offloads these assets as it concludes its strategic capital reallocation. Atrato Onsite Energy gains immediate operational capacity across two established UK sites, aligning with its focus on acquiring and operating renewable generation assets. The divestment allows NextEnergy Solar Fund to finalize its capital recycling objectives, streamlining its existing portfolio of 99 assets totaling 903 MW. As a Guernsey-listed investment fund, NextEnergy typically acquires and manages operational and ready-to-build solar PV and battery storage assets, suggesting a strategic re-evaluation of these specific UK projects. For Atrato Onsite Energy, a UK-listed investment company with approximately $270 million in net asset value, this 100MW acquisition directly expands its operational solar footprint in the UK. Atrato's stated focus on acquiring and operating onsite renewable energy generation assets, primarily solar, makes the Grange and South Lowfield projects a direct fit for its investment mandate. This transaction demonstrates continued demand for operational solar assets within the UK market, particularly from funds like Atrato seeking immediate revenue-generating capacity.