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ABERDEEN STANDARD INVESTMENTS INVESTS £22M IN PORTFOLIO OF UK SOLAR FARMS

30 Oct 2019

ABERDEEN STANDARD INVESTMENTS INVESTS £22M IN PORTFOLIO OF UK SOLAR FARMS

Aberdeen Standard Investments (ASI) infrastructure debt team has invested £22million in a portfolio of seven solar farms across the UK managed by Armstrong Capital, refinancing existing debt. The investment was made on behalf of our strategic clients such as Phoenix Group, amongst others. The investment will deliver a long-term, reliable, inflation-linked income stream until 2035, helping investors meet their future liabilities.

This year ASI have lent to a number of sectors within the renewables space, including UK wind power and Scandinavian district heating. This latest green investment demonstrates ASI’s continuing commitment to Environmental, Social and Governance (ESG) considerations.

Marianne Zangerl, Investment Director - Infrastructure Debt at Aberdeen Standard Investments, said:

"This investment provides our clients with access to yields not available in public bonds of similar credit quality. Furthermore, the inflation protection matches our clients’ long term liabilities, and the green characteristics advance their ESG agenda.”

Ends

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Debbie Cowe

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debbie.cowe@aberdeenstandard.com

Notes to editors

  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. With over 1,000 investment professionals, we manage £525.7 billion of assets worldwide. We have clients in c.80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which we invest. (*as of 30 June 2019)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange.
  • You can access the Aberdeen Standard Investments media centre here: https://www.aberdeenstandard.com/news-and-media
  • Armstrong Capital Management is a London based Asset Manager focused on the impact investment sector. Armstrong’s funding comes from both institutional and retail investors attracted to the core strategy of funding opportunities capable of delivering an environmental or social impact in parallel with attractive financial returns. For further information please visit https://www.armstrongcapital.co.uk/

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