Danish investment company Obton has finalized acquisition of two solar PV projects in the UK. This marks the company’s entry into the UK market.
Constructed by a German solar developer, both PV projects were connected to the grid in March 2017. The acquisition of the PV projects come about in close cooperation with the German bank BayernLB acting as the financing partner of the transaction.
Obton's Chief Legal Officer, Mikkel Berthelsen, noted the following on the transaction,"It is with great gratification that Obton has entered UK with a strong funding partner in BayernLB and two strong solar PV projects."
The addition of the UK 4.9 MWp and 4.1 MWpprojects, contribute to Obtons total solar PV portfolio of over 360 MWp to a total value of more than €840m under management.
Earlier this year, Obton entered both the Dutch and Canadian markets.