Severn Trent Green Power Expands Solar Portfolio with Church Farm Acquisition
Deal News | Dec 16, 2024 | FM Business Daily
Severn Trent Green Power (STGP) has acquired the Church Farm solar scheme, located in Shropshire, which marks its fourth such acquisition from Elgin Energy in 2024. This latest acquisition enhances STGP's renewable energy portfolio, bringing their total solar capacity to about 200 MWp. The deal underscores the rising demand for sustainable energy solutions within the real estate sector as global initiatives to achieve net-zero carbon emissions gain momentum. Savills Earth's Capital Advisory team acted on behalf of STGP, providing market entry advice, valuation, technical due diligence, and acquisition agency services. The acquisition is positioned to support STGP's ambition to fortify their presence in the solar market as they contribute to a sustainable future.
Sectors
- Renewable Energy
- Real Estate
Geography
- United Kingdom – The transaction and the operations of Severn Trent Green Power and Church Farm solar scheme are based in the UK.
Industry
- Renewable Energy – The article discusses solar energy projects, a sub-sector of renewable energy, as a key element of Severn Trent Green Power's strategy to expand its clean energy portfolio.
- Real Estate – The acquisition involves real estate and infrastructure required for the establishment of the solar farm, forming part of the sector's move towards sustainable developments.
Financials
- Undisclosed – The purchase price of the Church Farm solar scheme was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Severn Trent Green Power | Acquirer | Company | A company focused on renewable energy projects and a subsidiary of Severn Trent, active in the United Kingdom. |
| Elgin Energy | Vendor | Company | A developer and operator of solar energy projects that sold the Church Farm scheme to Severn Trent Green Power. |
| Savills Earth Capital Advisory | Advisory Firm | Company | Provided advisory services to Severn Trent Green Power for the acquisition, including valuation and due diligence. |
| Henry Grant | Advisor | Person | Associate Director at Savills Earth Capital Advisory, involved in advising Severn Trent Green Power on the acquisition. |