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JLL's Renewable Energy Capital Team based in Exeter, advised on the sale of three operational solar farms in the counties of Dorset, Norfolk and Cornwall for £73.7m.
The portfolio was successfully sold to The Renewable Infrastructure Group (TRIG) and these three large-scale solar projects nearly double the generating capacity of TRIG's solar PV portfolio.
JLL advised on the best route to market the portfolio and ran an efficient marketing and sales process with selected bidders, identified and selected using JLL's investor network. A number of competitive bids were secured from a range of leading renewables investors which reflected the operational excellence of these solar parks.
The financial and strategic advice provided by the Renewable Energy Capital team enabled a timely completion with the preferred bidder.
The transaction is the latest success in a flourishing long-term relationship with British Solar Renewables.