05 Nov 2015 – Elliott Capital Advisors, the hedge fund, and Equinox Energy Capital, a private investment firm, has hired Jefferies to advise on the sale of their 83MW UK solar portfolio, two sources have said.
The deal is in advanced stages and is expected to close by the start of 2016, both sources said. The portfolio is valued at about GBP 150m, a sector banker added.
The portfolio comprises of six operational assets: Rowles Solar Park (12.8MW) in Oxfordshire; Aspatria (18.3MW) in Cumbria; Radstone (5.2MW) in Northamptonshire; Flit Solar Park (10.5MW) in Oxfordshire; Gaultney Solar Park (21.6MW) in Northamptonshire; and Egmanton Solar Park (14.1MW) in Nottinghamshire. They were developed by Equinox Energy Capital, and joint-owned by the two firms, the first source said.
There are several buyers still in the process, and interest has mainly come from sovereign wealth funds, pension funds, and infrastructure funds, the second source said. The portfolio will definitely be sold as a whole, the second source added.
Elliott Capital Advisors and Jefferies declined to comment. Equinox did not respond to a request for comment.
by Katie McQue