Feb 4 (Reuters) - Metlen has agreed to sell a 283 megawatt (MW) portfolio of UK solar projects to Schroders Greencoat, the Greek energy and metals group said on Wednesday, describing the move as a key
Metlen to sell UK solar portfolio to Schroders Greencoat
Overview of the Solar Portfolio Sale
Feb 4 (Reuters) - Metlen has agreed to sell a 283 megawatt (MW) portfolio of UK solar projects to Schroders Greencoat, the Greek energy and metals group said on Wednesday, describing the move as a key step in its global asset rotation strategy.
Details of the Solar Projects
The portfolio comprises seven projects across England and Scotland, including 143 MW of operating or mechanically complete assets and 140 MW under construction, which are expected to begin commercial operation in the second quarter of 2026.
Financial Aspects of the Deal
Metlen said the sites will supply power estimated to be equivalent to the needs of 89,333 homes and are backed by long-term power purchase agreements with Vodafone and Engie, ensuring "high revenue visibility and cash flow stability".
Previous Transactions Between Companies
The deal is the second transaction between Metlen and Schroders Greencoat after the sale of a 110 MW portfolio of UK solar assets in 2024.
No financial details were disclosed.
(Reporting by Antonis PothitosEditing by David Goodman)
