zSol UK

Zouk Capital financed a 20 MW solar PV portfolio located across the UK on 7,000 residential rooftops.

The portfolio was constructed using a pioneering model which enabled homeowners and Housing Association residents to benefit from the electricity generated by solar PV assets which were financed by Zouk. Debt providers to Zouk’s UK portfolio included Santander and Lombard.

The portfolio delivered a number of benefits. The solar PV assets have helped relieve a material number of households from energy poverty. The diversified nature of the solar PV assets also provide a carbon benefit by avoiding transmission and distribution losses associated with grid-based power assets.

Zouk was able to structure and execute this high value portfolio by drawing on its networks, market intelligence and commercial expertise. The team’s knowledge of distributed energy programmes is market leading.

Zouk sold the portfolio to Aviva Investors in two tranches over 2013-14.