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Metlen Energy & Metals PLC on Wednesday said it had agreed to sell UK solar power assets to Schroders Greencoat, the renewable energy infrastructure-focused branch of Schroders Capital. Schroders Capital is the investment arm of London-based asset manager Schroders PLC. Athens-based, FTSE 100-listed Metlen is an aluminium producer and electricity generator. Acting on behalf if its clients, Metlen will sell seven UK solar projects to Schroders Greencoat, with a combined capacity of 283 megawatts - enough to power about 89,333 homes, according to Metlen. It didn’t provide financial terms for the disposal. Of the total, 143MW are mechanically complete and currently operating, Metlen said, with the remaining 140MW under construction, and targeting a commercial launch in the second quarter of 2026. The projects already have ‘long-term offtake agreements’ with mobile network operator Vodafone Group PLC and electricity and gas provider Engie SA, offering ‘high revenue visibility and cash flow stability’, Metlen added. The Greek firm said it retained its focus on supporting the UK’s shift to renewable power. Wednesday’s deal is its second with Schroders Greencoat, which in June 2024, bought two solar projects capable of generating 110MW from Metlen. The deal ‘reinforces Schroders Greencoat’s position as one of the largest managers of operating ground mount solar farms in the UK’, Metlen noted on Wednesday. Chief Executive Nikos Papapetrou called the sale ‘another important milestone in the successful implementation of Metlen’s global asset rotation strategy’. ‘Over the years we have established a strong relationship with Schroders Greencoat, one of the most prominent investors in the UK renewable energy sector, and this transaction further highlights how mutual trust and aligned long term objectives, allow building long term value enhancing cooperations,’ Papapetrou commented. Schroders Greencoat Portfolio Manager Duncan Hale said: ‘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.’ Metlen shares were up 2.4% to €45.45 on Wednesday morning in London. The solar power disposal follows Metlen’s acquisition in January of a Greek industrial facility, which the company has framed as its sixth factory to serve the defence sector. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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