Aviva buys 23MW of UK-based Homesun’s solar PV systems

Facebook
Twitter
LinkedIn
Reddit
Email

Aviva Investors recently completed its acquisition of nearly 7,000 solar PV systems from London-based free solar supplier HomeSun. The deal totals around 23MW and, according to the Financial Times, is said to be worth nearly £100 million.

The deal is considered to be the UK’s largest residential renewables transaction in history. Solar Power Portal notes that most of Aviva’s new solar portfolio was installed by HomeSun during the initial phase of the FiT, which allowed all sub 4kW systems to receive 43.3p/kWh.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Daniel Green, CEO of HomeSun said, “HomeSun launched free solar across the UK and became the No 1 installer for free solar and SolarShare. Our plan has always been to find a long-term partner that will continue to provide security to our customers whose systems will be managed and monitored for 25 years. Aviva Investors has demonstrated itself to be the ideal choice throughout the process. HomeSun will continue to work with all of our customers, supporting all of the installations and developing the next innovation in products and services”.

The agreement will see HomeSun continue to service and maintain the solar portfolio for Aviva. Noteworthy, is Aviva’s intent to use the purchase as a platform to continue adding to its portfolio of renewable technologies, especially solar PV installations. Furthermore, Aviva suggested that it would begin to develop its own solar PV projects.

Ian Berry, fund manager of Infrastructure & Renewable Energy at Aviva Investors said, “This strategic investment in UK renewables is one of many we have planned and is part of our strategy of investing in high quality renewable energy infrastructure assets.  We are delighted to have concluded this transaction and acquired these operational renewable energy assets.  In this challenging environment, we are focused on leveraging our leading market position, sector knowledge, and financing skills in order to identify attractive opportunities and execute deals for the benefit of investors.  Many institutions are looking to invest in assets that offer secure and long-dated income streams, in order to meet their liabilities, and infrastructure as an asset class has the potential to meet these needs.”

SPP pointed out that Aviva Investors indicated that the purchase of HomeSun’s solar portfolio was driven with an aim to benefit the insurer’s pension fund clients.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA