SOSL acquires and manages solar, wind and biomass power projects in Europe. Since 31st March 2011 we have invested approximately €189m (of which €88m was equity) in a variety of photo-voltaic assets (7 plants, 37 MWp) which we manage.
Spain has a very attractive natural solar resource and stability has now returned to the Spanish PV market after the introduction of new legislation limiting the number of hours compensated by the subsidized tariff. This is a competitive advantage for SOSL as we are amongst the very few firms actively seeking new acquisitions in a market that is more and more to the buyerʼs advantage. Investment returns range from 10% IRR in unlevered plants to 13% in levered plants.
Low Carbon Germany GmbH (LCG), a sister company of SOSL, is an Emissionhaus which manages its own funds for investment in the photovoltaic sector. LCG and Infracapital, an infrastructure fund managed by Prudential plcʼs M&G Investments, have collaborated to acquire operational PV plants in Spain.
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