Schroders Greencoat has agreed to acquire a portfolio of seven solar photovoltaic projects in the United Kingdom with a combined capacity of 283 megawatts (MWp) from METLEN Energy & Metals, marking a significant renewable energy transaction in the UK market. The projects, developed by METLEN, are located across various regions of England and Scotland and form part of the Greek group’s wider international renewables strategy.
Of the total 283 MWp capacity, 143 MW are already operational, while the remaining 140 MW are currently under construction. These projects are expected to reach commercial operation by the second quarter of 2026. Once fully online, the portfolio is estimated to meet the electricity needs of approximately 89,333 households. A key feature of the portfolio is its long-term power offtake agreements with major corporate counterparties, including Vodafone and Engie.
This deal represents the second transaction between Schroders Greencoat and METLEN in the UK renewables sector. In 2024, Schroders Greencoat acquired a solar portfolio of approximately 110 MWp from METLEN on behalf of its clients, laying the groundwork for an ongoing strategic relationship between the two groups. Both parties expressed confidence in the continued success of their collaboration, pointing to shared long-term objectives and mutual trust.
Commenting on the agreement, Nikos Papapetrou, Chief Executive Director of Renewables and Energy Transition Platform at METLEN, described the transaction as “another milestone in the company’s global Asset Rotation strategy.” He emphasised that “well-structured projects, combined with METLEN’s construction and execution capabilities, continue to attract high-quality institutional investors, enabling the company to realise value,” while strengthening long-term partnerships in key markets such as the UK.
From the investor’s perspective, Duncan Hale, Portfolio Manager at Schroders Greencoat, highlighted the importance of the acquisition for both the firm and UK pension savers. He noted that “adding high-quality, income-generating solar assets to the portfolio supports the UK’s transition to a low-carbon energy system while offering stable returns in a strategically important sector.”
