Project Finance Brief: Atrato Onsite Energy Acquires Solar Projects for $37 Million
Aquila Capital raises €1 billion for 2.6 GW of renewable energy projects
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Atrato Onsite Energy, an investment company, has acquired 33 MW of installed solar projects across 32 the UK from Macquarie’s Green Investment Group for £31 million (~$36.19 million). The offtakers are all institutional grade, and the project revenues benefit from annual inflation or fixed uplifts, with a remaining average maturity of 21 years for the power purchase agreements. The company has also reached a financial close on a 1 MW new rooftop solar project, benefitting from a 25-year power purchase agreement with a wholly owned subsidiary of Recipharm AB.
