METLEN has taken a big step on its journey to becoming a 100% renewable energy company. The company has executed six engineering, procurement, and construction contracts for the development of five solar parks and one BESS across the U.K. The projects collectively utilize 313.4 megawatts (MW) of capacity. This expansion adds greatly to METLEN’s portfolio of work, which now includes seven projects in England and Scotland.
Of this total capacity, 143 MW has already been built, with another 140 MW under construction. Almost all these projects are expected to be completed by end of second-quarter 2026. When they are all operational, they will be able to supply electricity for an estimated 89,333 homes, further helping the UK transition its energy supply.
METLEN’s portfolio features three solar assets situated at key locations: Gorse Lane in Lincolnshire, Defford in Worcestershire, and Watnall in Nottinghamshire. The company is firmly committed to promoting the nation’s energy transition. This commitment is most evident in the state’s historic investment of $255 million in solar energy, battery energy storage systems and flexible generation programs.
Nikos Papapetrou, Chief Executive Director of METLEN’s renewables and energy transition platform, noted the far-reaching strategic significance of this transaction.
“This acquisition represents a significant milestone for both Schroders Greencoat and UK pension savers.” – Duncan Hale
The projects are underpinned by very long-term offtake agreements with investment-grade rated companies like Vodafone and Engie. These collaborations ensure a regular flow of work, allowing METLEN to successfully serve its mission. The firm enables UK pension savers to help build a low-carbon economy. Simultaneously, it guarantees they’re able to lock in reliable return on investment in a sector that’s widely viewed as strategically essential.
Duncan Hale joined to explain why these new contracts are so important for METLEN and their stakeholder engagement.
“In our view, by adding these high-quality, income-generating solar assets to our portfolio, we are aiming to provide UK pension savers the opportunity to support the UK’s transition to a low-carbon future, whilst also enabling them to benefit from stable returns in a strategically vital sector.” – Duncan Hale
METLEN takes pride in having a highly respected footprint in the British market. The company plans to continue leading efforts towards initiatives that foster progress toward the nation’s energy priorities. The company’s commitment continues to pursue the company’s larger business goals. They’re integral to achieving a deeper, more aspirational vision of equitable, decarbonized energy solutions across the region.