Investment manager Downing has finalized the purchase of a 35MWp operational ground mount solar asset in Sleaford, Lincolnshire, further expanding its energy and infrastructure portfolio.
The English solar plant, which has been operational since July 2023, is expected to generate 36GWh per year. Downing’s internal infrastructure asset management team will now oversee the operation and maintenance of the asset.
The acquisition includes a 15-year contract for difference (CfD) with the Low Carbon Contracts Company (LCCC), starting in 2025. This contract provides an inflation-linked fixed price for the energy generated, mitigating risks associated with energy market fluctuations.
Sean Moore, Investment Director at Downing, expressed pride in the acquisition, stating, “We are immensely proud to announce the acquisition of this UK solar asset, which will contribute to further growth and diversification of our energy and infrastructure portfolio.”
The asset was acquired from NextEnergy, with advisory support provided by Osborne Clarke, PKF, and RINA.
Downing’s Energy and Infrastructure team, with over 200 investments and £900m of assets under management, continues to focus on investments in the solar, wind, hydro, and battery storage sectors, reflecting its commitment to sustainable energy solutions.
