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Progressum acquires 254MW new UK projects

Progressum, an engineering firm based in London specialising in UK photovoltaic, and investor Quercus Asset Selection have acquired 21 photovoltaic plants located in the south-centre of the UK with a total project value in excess of £300 million.

The construction of the photovoltaic plants will be assigned to Bester Generacion, who has collaborated with Quercus for the preceding few years in various countries in constructing photovoltaic and wind projects. The plants, once built, will form part of Quercus Renewable Energy Fund II, one of the funds managed by Quercus Assets Selection.

”With this further investment in UK photovoltaic projects, we underline our strong interest in the market,” said Diego Biasi, founding partner of Quercus. “We also might provide our current and prospective investors, European and other, who are interested in taking exposure to the UK market, one of the most coveted for investments in renewable energy, with an opportunity for bespoke solutions due to the prospective and stabilised nature that this market will offer now and in the long run.”

 

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity

 

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