Nala Renewables has entered into agreements with METLEN to acquire a portfolio of UK solar PV projects, the London-headquartered company announced on 10 November 2026.

Deal Overview

The transaction comprises four utility-scale solar farms located across Norfolk, Somerset, and East Sussex, with a combined installed capacity of approximately 119 MW.

The company described the deal as an important milestone that strengthens its position in the UK market and reflects its confidence in the country's energy transition and long-term investment opportunities.

Portfolio Details and Expected Output

Once operational, the four solar farms are expected to generate nearly 131 GWh per year, enough to power the equivalent of 52,320 homes annually. That figure is based on an assumption of 2,500 kWh per year of household electricity consumption, drawn from Ofgem's Typical Domestic Consumption Value for a medium domestic electricity consumer, effective from July 2026.

The projects are currently at the ready-to-build and under-construction stages and are scheduled to be delivered in phases between 2027 and 2028.

Revenue Structure

Revenue from the portfolio will be supported by a combination of corporate Power Purchase Agreements and Contracts for Difference, which the company said provides long-term cash flow visibility.

Management Commentary

Remy Verot, Interim CEO at Nala Renewables, said the company was delighted to have successfully signed the sale and purchase agreements, describing the deal as a cornerstone investment as Nala expands its operational footprint in the UK.

"As one of Europe's largest and most mature renewable energy markets, the UK has been a priority market for us to penetrate at the right time," Verot said. "This transaction reflects our ability to build alliances with strategic long-term partners and reflects our confidence in the UK as a market for infrastructure investment. We are moving to a new stage of Nala's growth, adding these critical assets to our portfolio and supporting the energy transition in the UK."

About Nala Renewables

Nala Renewables is a global renewable energy company headquartered in London. It owns, develops, constructs, and manages solar PV, onshore wind and energy storage assets across the full project life cycle. With a primary focus on Europe and Chile, the company scales its portfolio through in-house development, strategic partnerships, and selective acquisitions.

The solar deal announcement follows a series of recent company updates, including the issue of a Notice to Proceed for construction of the Nala Vuolijoki 125MW/250MWh battery energy storage project in Finland in October 2026, the appointment of James McLaren as Chief Commercial Officer in September 2026, and the completion of Romania's Green Breeze Wind Farm in September 2026.

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