Downing expands solar portfolio for charities with new acquisition

Deal News | Dec 08, 2024 | Downing Ventures

Downing expands solar portfolio for charities with new acquisition

Downing Sustainable Investment (DSI), managed by Downing LLP, has acquired a portfolio of around 2,900 domestic rooftop solar installations across Yorkshire, the East Midlands, and East Anglia. These installations provide electricity to tenants of six housing associations, marking DSIs second major renewable energy investment aimed at benefiting UK charitable institutions. The acquisition builds on the company's prior investment in a 200MW operational onshore wind farm in the Scottish Highlands. DSIs investment strategy focuses on offering charitable institutions access to renewable energy investments, aiming to deliver environmental impact along with stable financial returns. The new solar investment diversifies DSIs portfolio, allowing it further exposure to both wind and solar assets to support the UK's commitment to net-zero emissions while generating returns for charities.

Sectors

  • Renewable Energy
  • Investment Management
  • Social Housing

Geography

  • United Kingdom – The geographic focus is on the UK, with solar installations across Yorkshire, the East Midlands, and East Anglia, and a wind farm in the Scottish Highlands.

Industry

  • Renewable Energy – The acquisition of rooftop solar installations and investment in onshore wind farms highlight the focus on renewable energy assets that contribute to environmental impact and sustainable returns.
  • Investment Management – Downing Sustainable Investment acts as a vehicle for charitable institutions to invest in projects that yield financial returns while promoting renewable energy.
  • Social Housing – The solar installations provide electricity to tenants of housing associations, integrating social impact with renewable energy investments.

Financials

    Participants

    NameRoleTypeDescription
    Downing Sustainable Investment (DSI)Acquiring CompanyCompanyAn investment vehicle managed by Downing LLP aimed at providing renewable energy investments for charitable institutions.
    Downing LLPManagement CompanyCompanyA private equity firm managing Downing Sustainable Investment, focusing on investments that generate monetary and environmental returns.