In November 2015, our VCT and EIS funds sold a solar photovoltaic (PV) portfolio to John Laing Environmental Assets Group for £18.8 million.
The portfolio, which comprised 796 PV installations across England, Scotland and Wales, converts solar energy into electricity. Over 90% of the portfolio comprised installations on residential rooftops, with the remaining installed on free-standing mounting systems or commercial rooftops.
The sale of the portfolio resulted in an uplift for our Funds of over 50% on the original investment*. This demonstrated the success of our investment strategy of building an attractive portfolio of assets which ultimately provided strong returns for our investors on exit.
*Please note past performance is not a reliable indicator of future performance.