Greencoat lands highly sought after Canadian Solar UK portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Source: Canadian Solar.

Greencoat Capital has won the race to acquire the highly sought-after portfolio of UK solar assets developed by Canadian Solar.

The 142MW portfolio – considered to be one of the largest remaining operational solar portfolios on the UK market – has been the subject of considerable interest from the UK’s largest solar asset owners.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Having formally and publically placed the portfolio on the market last June, the module manufacturer initially wanted to conclude the sale before the end of 2017.

It comprises 24 sites spread across the UK. Seven are accredited under the feed-in tariff scheme while the remaining are eligible for the Renewable Obligation Certificate scheme varying between 1.4 and 1.2 ROCs per MWh.

Finlay Colville, head of Solar Media’s Market Research division, lauded Canadian Solar, arguing that it had operated the most effective downstream model of Asian-based investors in UK solar during the build-out phase under the Renewables Obligation scheme.

“Aligned with its global strategy Canadian Solar decoupled European module supply from its site acquisition activities, allowing it to buy shovel-ready sites and subcontract the EPC work. The sites also were not bound in any way to buy modules from Canadian, and most didn't.

“Canadian Solar was able to hold sites and effectively build up one of the largest secondary portfolios on the market today. While other Chinese based solar companies were also active in site acquisition most, like Renesola for example, were forced to flip as early as possible to bolster ailing cash flows back at HQ,” he said.

The acquisition takes Greencoat Capital’s stake in the UK market to around 470MW from more than 60 operational assets, making it among the largest asset owners in the country.

Lee Moscovitch, partner at Greencoat, said the firm was delighted to seal the transaction.

“Canadian Solar has developed a significant portfolio of high quality operating UK solar PV assets… We continue to see great opportunities in the secondary market and demand for exposure from investors. We look forward to continuing to expand the platform,” he added.

Greencoat was advised by Eversheds Sutherland, Evergy, EY and PricewaterhouseCoopers on the transaction.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
Premium
July 18, 2025
Inside the European Solar Academy's steps to equip Europe’s workforce with necessary skills as it approaches its first anniversary.
Premium
July 17, 2025
Implementing greater policy clarity pertaining to the EPBD will be essential if Europe is to realise its distributed rooftop solar targets.
July 17, 2025
Corporate funding in the solar sector fell by 39% in the first half of 2025 compared with the same period last year.
July 17, 2025
Swedish solar developer OX2 has submitted plans for a 150MW solar-plus-storage project in Queensland to Australia’s EPBC Act.
July 17, 2025
Pilecom, a mechanical installer of utility-scale solar projects, has officially started work on European Energy’s 106MW Lancaster solar PV power plant in Victoria, Australia.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK