Atrato Onsite Energy

Atrato Onsite Energy: Investing in clean energy solutions helping corporates achieve net zero and reduce their energy bills, whilst generating sustainable returns for shareholders.   We are the largest listed corporate and industrial solar investor, focusing on clean energy generation and providing renewable energy capacity with 100% carbon traceability.   Juliet Davenport, Steve Windsor, Gurpreet Gujral   Capital at risk.

There's excitement in the air with the approaching Solar & Storage Live event next week! I'll be there alongside Kamila Saatova and several Atrato Onsite Energy team members on Tuesday and Wednesday. Our schedules are filling up, but feel free to DM if you'd like to connect during the day or evening. Looking forward to catching up! #SolarStorageLive #EnergyIndustry #Leavingtheshadesathome 😎

The UK can beat Australia at solar deployment writes Gurpreet Gujral from Atrato Group in New Energy World.      Against a grey backdrop of a ‘classic’ British summer, this may seem counterintuitive, but “despite its cloudy reputation, solar can play a fundamental role in the UK’s clean energy transition.”    Read how irradiation is only one piece of the solar puzzle and that supportive policies, innovation and investment are all needed to be a solar superpower. In particular, with 2.5bn m2 of commercial south facing rooftops in the UK, corporate power purchase agreements are key to driving solar uptake.   https://lnkd.in/e52c9x-q

PPAs can help power the future of our energy systems” says ” Gurpreet Gujral from Atrato Group in a new piece with Power Technology.       The article outlines how solar is leading the charge for global renewables growth. Highlighting how corporate Power Purchase Agreements (PPA) can be a driving force for solar. In short, “long-term, fixed contracts take away UK business’s exposure to volatile energy changes, providing both protection and certainty.”    Follow the link to read about the growth in global renewables, the need for UK energy security and the benefits of PPAs to corporates.    https://lnkd.in/dbhCusqW 

“Our solar sector is booming, with 15.8GW currently deployed and aims to achieve 70GW by 2035”.    Gurpreet Gujral from Atrato Group quoted in Solar Power Portal, which explores how innovation and investment are driving this growth, making the UK a serious contender in the global solar race.     https://lnkd.in/eWz5RS43

We are delighted to announce Atrato Onsite Energy’s latest interim results for the six months ended 31 March 2024. Read the full RNS here: https://lnkd.in/e7g9qNgQ Listen to the presentation here: https://lnkd.in/eAX_Ht_q

We are really pleased to have been highly commended for Renewable Energy Project of the Year at the BusinessGreen awards last night. Congratulations to all the other finalists and winners! We are also delighted to see that our chair Juliet Davenport won this year’s lifetime achievement award.

Portfolio update: Acquisition of 13MW solar portfolio for £9.3m. The portfolio includes three solar assets with a total capacity of 13MW with a 10-year average remaining contracted term comprising of:   ☀ 7.7MW of solar PV systems situated on residential rooftops owned by three UK housing associations across the UK benefiting from  the government's feed-in-tariff ("FIT") scheme. ☀ A 3.7MW subsidy free ground mounted asset, commercialised under a utility PPA. ☀ A 1.7MW ground mounted asset accredited under the government's Renewable Obligation Certificate ("ROC") regime. The Investment Adviser believes this portfolio to be a highly attractive addition to ROOF’s existing portfolio of solar assets due to its return potential, with a substantial proportion of the revenue stream underpinned by government backed income and 100% uncapped RPI inflation linkage. The portfolio is expected to generate 10GWh of clean energy annually, providing c.2,200 tonnes CO2 emissions saving per annum, equivalent to powering c.3,800 UK homes per annum. Visit our website for more information.

We are pleased to announce two solar investments for a combined consideration of £6.4m, continuing our automotive and grocery partnerships. The investments comprise 9.5MW of solar capacity and are expected to deliver long dated, highly visible, contracted cashflows with annual uplifts.    We have acquired an operational portfolio comprising two commercial solar PV systems. The first is a 4.6MW rooftop system with a 17-year unexpired PPA to UNIPRES (UK) LIMITED, a major manufacturer of pressed automobile parts. The second is a 2.7MW carport system with a 24-year unexpired PPA to a major car manufacturer.   We have also reached financial close on three new Tesco stores as part of our existing framework agreement with the leading UK grocer. These sites total 2.2MW of rooftop solar capacity and are all commercialised under 20-year PPAs. Installation has commenced on the sites and commercial operations are expected in July. The 10MW of solar PV systems are expected to save 1,700 tonnes of CO2e a year and power an equivalent of 2,800 UK homes per annum. Gurpreet Gujral, Managing Director at Atrato Group, the Investment Adviser to the Company said: “We are pleased to have further developed our framework agreement with Tesco and now have 22 stores either energised or under solar installation with a further 66 stores as future pipeline within the framework agreement.” The addition of these automotive customers, alongside our existing strategic relationship with Nissan increases ROOF’s presence in the automotive sector. This portfolio includes ROOF’s first carport system, which is an important milestone for the Company as customer demand for onsite solar capacity is increasing beyond the rooftop.” Juliet Davenport, Chair of Atrato Onsite Energy said: “I am delighted that the team have reached financial close on an additional 10MW of solar capacity, which has increased the portfolio to 192MW. This reaffirms the Company’s position as the leading C&I solar platform in the UK and furthers our ambition of generating sustainable returns and contributing to a net zero future.” 

“Solar PV is the new double glazing” – Gurpreet Gujral from Atrato Group shares insights in a new piece with The Engineer UK, stating "Solar, whilst not new, is the obvious choice to help drive the transition to clean energy." The article discusses the evolution of double-glazed windows from a niche trend to a standard feature in UK homes, driven by energy efficiency concerns. It parallels this trend with the current rise of solar energy as a solution to combat climate change. Power Purchase Agreements (PPAs) are playing a central role in the energy transition. Follow the link to see how PPAs can shield companies from volatile energy prices, provide fixed, long-term energy prices that protect against market fluctuations and help businesses trace their energy sources. We echo the sentiment that timely action in adopting clean energy solutions is key to meeting sustainability goals and avoiding obsolescence; “Businesses – big and small – have a role to play in reaching net zero; and by acting now, they can futureproof operations and avoid becoming outdated in ten years’ time.”