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London, 17 January, 2016 – Equitix Fund IV has added to its UK ground mounted solar portfolio with the acquisition of the operating 40MW Cowdown project, located near Andover, Hampshire. JLL Energy and Infrastructure Advisory team acted as lead advisers. The project was developed by Golden Square Energy (‘GSE’), a joint venture between AGR Group and Ingenious Infrastructure, as part of a mixed portfolio of UK renewables developments totalling more than 35 assets. The project only received planning consent in late December 2015 and was then constructed by Solar Century as EPC contractor and connected before 31 March 2016, in order to achieve 1.3 ROCs. Oliver Breidt, Director, GSE, commented, “The 12 months period from grant of planning, to the acquisition of the project as an operating asset demonstrates what can be achieved in a short space of time with an expert team in place, as well as knowledgeable investors”. Mark Heuff, Director, JLL added “This is a high quality asset and the market once again showed there is strong appetite for quality assets in spite of increasing levels of general transaction market uncertainty”.
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