Sector Solar PV
Region UK
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Solar Growth owns and operates a portfolio of solar plants in the UK with a combined capacity of 37MW and sells the power generated from its assets to utilities.

As the asset manager, Armstrong has played an integral role in the development, construction and management of these assets since 2015.

Most of SGs solar plants are accredited under the Renewable Obligation (RO) or Feed-in Tariff (FiT) scheme which guarantees a minimum RPI-linked payment for the clean electricity generated for 20 years from the date the system was commissioned.

The Company was ranked the No. 1 performing company over the past 5 years in the Inheritance Tax market in the recent review by Tax Efficient Review in December 2022. The portfolio is currently trading in line with forecast and management are reviewing a range of value-enhancing optimisation opportunities across the UK-wide portfolio.

The Company has raised debt from Europe’s leading institutional investor, Aberdeen Standard Investments. The long-term target level of gearing within Solar Growth is 50%.

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