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Britain implements solar plants on the roofs of factories and stores With an investment of $137 million

  • 24 August, 2021
  • 1:57 pm EEST

Britain implements solar plants on the roofs of factories and stores
With an investment of $137 million

Britain’s Artos Energy has signed an exclusive long-term partnership with Canadian investor Viera Infrastructure worth 100 million pounds ($137 million) to implement a rooftop solar power project in Britain.

Under the agreement, Artus Energy will manage the development and construction of rooftop solar projects in UK factories and shops on behalf of Viera Infrastructure, reports PV Magazine.

The investments will allow companies in Britain to access the benefits of solar technology, without up-front cost under power purchase agreements.

Renewable Energy Projects

With strong in-house engineering capabilities and an experienced management team, ARTOS has approximately 150 MW of solar projects under development.

Viera Infrastructure has approximately €1.8 billion (US$2.1 billion) in assets under management as of June 30, 2021, including capital commitments.

Viera Infrastructure has extensive experience investing in renewable energy, wind, solar and hydro assets in Canada and the US, as well as investing in rooftop solar in the UK.

The company is a well-established investor in residential and commercial solar energy in Britain, with a current capacity of 53 megawatts.

Investing in solar energy

ARTOS has approximately 150 MW of industrial and commercial solar projects under development, thanks to strong in-house engineering capabilities and an experienced management team.

“The signing of the transaction between Artos and Fiera Infrastructure confirms that solar energy is not only a major investment for international capital, but also highlights investor appreciation for the UK market as a safe bet for future growth,” said Alistair Booth, managing director of Artos Energy.

“We are proud to be part of the renewable energy revolution taking place in the UK, and around the world,” he added.

The president of Fiera Infrastructure explained that the new partnership with Artos will provide low carbon footprints for investors.

Britain is also currently working on a number of plans to develop the Cliff Hill Solar plant, the largest solar power plant in the country.

The cost of the Cliff Hill Solar plant is estimated at 450 million pounds ($555 million) on 900 acres near the towns of Whitstable and Feversham.

The projects come within the framework of the British government’s goal to achieve carbon neutrality by 2050, through the development of more renewable energy projects.

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