Solar panel on a roof
Solar panel on a roof

Energy

Financing the UK's largest social housing solar PV

This transaction demonstrates Macquarie’s continued capacity to develop, build and operate renewable assets in the UK. We are pleased to have created this platform, adding institutional scale and helping to develop the UK’s rooftop solar PV market.

Sector Energy
Sub-sector Renewables
Location United Kingdom

Opportunity

The UK aimed to develop and build institutional scale into its domestic rooftop solar PV market across social housing. The challenge was the project delivery and subsequent maintenance of thousands of individual systems which would provide free renewable energy to social housing tenants while generating a return on capital from the UK Feed-in Tariff.


Approach

Macquarie played a pivotal role in the origination, supply chain and asset management, was able to combine the provision of capital with technical expertise in order to scale up delivery of domestic rooftop solar PV.

Outcome

The Principal Finance team funded the UK’s largest social housing rooftop solar PV rollout, participating in development through to operation with over 13,000 systems installed. In 2017, the systems generated 33GWh of residential power, helping decrease carbon emissions and reduce energy bills for social housing residents by approximately £3 million.

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