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DIF Capital Partners acquires largest U.K. colocation portfolio of solar and battery storage
Transactions - FEBRUARY 23, 2023

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DIF Capital Partners acquires largest U.K. colocation portfolio of solar and battery storage

by Kali Persall

DIF Capital Partners, together with ib vogt, has acquired a 100 percent interest in what is understood to be the largest colocation portfolio of solar and battery storage in the United Kingdom. The seller was Enso Green Holdings Ltd. (EGHL), a joint venture between Cero Generation and Enso Energy.

The greenfield portfolio of ready-to-build colocated solar and battery projects, which was developed by EGHL, consists of seven sites with a total capacity of 720 megawatts (380 megawatts of solar and 340 megawatts of battery storage). ib vogt will provide solar EPC and O&M services to the portfolio.

The acquisition of each project will be completed once each site reaches the ready-to-build stage. The first two projects have already been acquired and have begun construction. DIF expects all projects will be acquired by mid-2023 and will be operational between 2024 and 2026. DIF and ib vogt are currently in the process of raising a nonrecourse debt financing facility to fu

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