AlphaReal has completed the acquisition of a 40.36MW newly commissioned solar site. The real assets investment manager has acquired Bubney Energy Centre in Shropshire. The site covers 150 acres and is currently the largest ground-mount solar site in AlphaReal’s renewable energy portfolio.
A survey of 100 UK pension funds and insurers commissioned by AlphaReal found that 90% have a plan to increase their allocation to renewable energy in the next 12 months. The remaining 10% regard it as possible. Collectively the companies have £359 billion of assets under management.
On solar energy, more than half (54%) of UK pension funds and insurers surveyed say they invest in ground-mount solar energy. Around 56% say they will increase allocations substantially in the next five years while 15% will increase slightly, and 14% will keep allocations the same.
Phillip Rose, chief executive of AlphaReal said, “Pension funds, insurers and other institutional asset owners are looking to increase their allocation to renewables, and our research suggests solar is amongst the most attractive asset classes for them. We are therefore delighted to increase our investment in solar which is playing a key role in the UK’s green energy transition.”