Mar 21, 2025
Schroders Greencoat reaches the 2GW milestone in UK solar energy.
Schroders Greencoat has achieved a significant milestone of 2GW in operational solar capacity in the UK, which is enough to power approximately 730,000 homes annually.
The renewable investment manager reached this goal with the recent activation of the Eynsham solar site in West Oxfordshire.
With over 200 operational solar projects across the UK, stretching from southern England to Scotland and Northern Ireland, Schroders Greencoat's portfolio accounts for about one fifth of the UK's total installed ground-mounted solar capacity.
Its expansion in the UK solar market dates back to the country’s first commercial-scale solar projects.
In 2016, formerly known as Greencoat Capital, the firm launched its first solar fund, which was fully invested by 2017 with support from a single institutional investor.
This was succeeded by the establishment of its second solar fund in 2017, which concluded in 2023 with total fund commitments nearing £1.4 billion.
Schroders Greencoat reinforced its standing in the UK solar market with the acquisition of Toucan Energy, the largest ground-mounted solar transaction in the UK's history, completed last year.
This portfolio includes 53 operating solar farms across England, Wales, and Northern Ireland, holding a combined capacity of 513.3MWp, enough to power roughly 184,000 homes.
The deal involved significant financing from long-term Schroders Greencoat-managed funds and included funding from six local government pension schemes (Avon, Cornwall, Devon, Gloucestershire, Oxfordshire, and Wiltshire), alongside co-investor Tokyo Century.
In addition to its range of development, construction, and operational assets, Schroders Greencoat is committed to investing in the energy transition, focusing more on early-stage opportunities and exploring new markets and technologies.
In 2024, the team continued to acquire pre-construction assets from its distribution solar development partner, Innova Renewables, including the recent acquisition of the 27.5MW Ducklington Solar project in Oxfordshire and the 28.5MW Stokeford solar project in Dorset.
Schroders Greencoat and Innova jointly operate a venture named ISG Renewables. This platform has so far been initiated with solar assets such as Carn Nicholas (10MW), Bicker Fen (22.6MW), and Newbold Pacey (27.8MW).
Lee Moscovitch, Partner and Co-Head of Solar and Storage at Schroders Greencoat, stated: “As governments keep striving for net zero carbon and energy security, solar is becoming increasingly crucial. The UK offers a significant utility-scale solar market within Europe, presenting attractive investment opportunities for private capital.
“Our solar team is pioneering efforts in solar PV investment, as well as asset management and enhancing long-term value.
“Proactive management is essential for achieving positive results for our clients and has been key in establishing our enduring reputation as specialists in the sector and a reliable partner.
“We are proud to have reached this milestone and look forward to continuing this trajectory of growth and propelling the UK’s decarbonisation efforts.
The renewable investment manager reached this goal with the recent activation of the Eynsham solar site in West Oxfordshire.
With over 200 operational solar projects across the UK, stretching from southern England to Scotland and Northern Ireland, Schroders Greencoat's portfolio accounts for about one fifth of the UK's total installed ground-mounted solar capacity.
Its expansion in the UK solar market dates back to the country’s first commercial-scale solar projects.
In 2016, formerly known as Greencoat Capital, the firm launched its first solar fund, which was fully invested by 2017 with support from a single institutional investor.
This was succeeded by the establishment of its second solar fund in 2017, which concluded in 2023 with total fund commitments nearing £1.4 billion.
Schroders Greencoat reinforced its standing in the UK solar market with the acquisition of Toucan Energy, the largest ground-mounted solar transaction in the UK's history, completed last year.
This portfolio includes 53 operating solar farms across England, Wales, and Northern Ireland, holding a combined capacity of 513.3MWp, enough to power roughly 184,000 homes.
The deal involved significant financing from long-term Schroders Greencoat-managed funds and included funding from six local government pension schemes (Avon, Cornwall, Devon, Gloucestershire, Oxfordshire, and Wiltshire), alongside co-investor Tokyo Century.
In addition to its range of development, construction, and operational assets, Schroders Greencoat is committed to investing in the energy transition, focusing more on early-stage opportunities and exploring new markets and technologies.
In 2024, the team continued to acquire pre-construction assets from its distribution solar development partner, Innova Renewables, including the recent acquisition of the 27.5MW Ducklington Solar project in Oxfordshire and the 28.5MW Stokeford solar project in Dorset.
Schroders Greencoat and Innova jointly operate a venture named ISG Renewables. This platform has so far been initiated with solar assets such as Carn Nicholas (10MW), Bicker Fen (22.6MW), and Newbold Pacey (27.8MW).
Lee Moscovitch, Partner and Co-Head of Solar and Storage at Schroders Greencoat, stated: “As governments keep striving for net zero carbon and energy security, solar is becoming increasingly crucial. The UK offers a significant utility-scale solar market within Europe, presenting attractive investment opportunities for private capital.
“Our solar team is pioneering efforts in solar PV investment, as well as asset management and enhancing long-term value.
“Proactive management is essential for achieving positive results for our clients and has been key in establishing our enduring reputation as specialists in the sector and a reliable partner.
“We are proud to have reached this milestone and look forward to continuing this trajectory of growth and propelling the UK’s decarbonisation efforts.