METLEN Energy & Metals has agreed to sell a 283 MWp UK solar PV portfolio to Schroders Greencoat, marking the second transaction between the parties following a 110 MWp sale in 2024. The portfolio spans 7 projects across England and Scotland, combining 143 MW operational capacity with 140 MW under construction assets expected online by Q2 2026.

The key insight is not scale, but repeat execution. Schroders is buying again from the same seller, signalling confidence in METLEN’s ability to deliver construction, commissioning, and contracted cash flows without friction. In a UK market where late-stage risk and delivery slippage remain central underwriting concerns, this matters.

The assets are fully de-risked on revenues. Power is sold under a 10-year corporate PPA to Vodafone and ENGIE, locking in offtake across both operating and forward assets. This structure reduces merchant exposure while still allowing portfolio growth through staged CODs.

Commercially, this reinforces a clear buyer preference. Capital is concentrating around operational and near-operational portfolios where counterparties, contractors, and timelines are already proven. Follow-on deals reduce diligence friction, compress execution timelines, and improve certainty on pricing.

The signal is straightforward. In the UK solar market, sellers that can repeatedly deliver contracted portfolios at scale are becoming preferred counterparties. Capital is not just chasing assets. It is backing execution track records.

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