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Innova Secures Major Sale Of UK Solar PV Project – A Game-Changer For Renewable Energy

Innova Sells Ducklington Solar Array to Schroders Greencoat – Powering the UK’s Green Future! 

Innova has successfully completed the sale of the 27.5MWp Ducklington Solar Array in Oxfordshire to Schroders Greencoat, marking another milestone in their shared commitment to accelerating the UK’s clean energy transition. 

A Major Step Toward Net Zero

The Ducklington Solar project secured planning consent in March 2022 and is set to begin construction in Q1 2025, with operations targeted for early 2026. Once energized, the solar array is expected to save approximately 11,600 tonnes of carbon emissions annually, making a significant impact in the fight against climate change. 

Adding to its credentials, the project was awarded a Contract for Difference (CfD) in Allocation Round 6 (AR6) in September 2024, alongside five other Innova solar projects—further reinforcing its long-term value in the UK’s renewable energy sector. 

A Growing Green Partnership

This marks Innova’s fifth solar project to be sold to Schroders Greencoat, bringing their total investment partnership to over 110MWp. The partnership has previously seen the successful sale of: ✔️ Stokeford Solar Park (28.5MWp) – Sold in November 2024
✔️ Carn Nicholas (10MWp)
✔️ Bicker Fen Solar Park (22.6MWp)
✔️ Elms Farm Solar Park (27.8MWp)

Together, these projects form a powerful foundation for sustainable energy investments across the UK. 🇬🇧🔋

A Commitment to Sustainable Investment

Christian Miller, Investment Manager at Innova, expressed his excitement about the sale, stating:
💬 “It is with great pleasure that we announce the divestment of our fifth project from our DNO pipeline to a Schroders Greencoat-managed fund. This acquisition represents over 110MW of solar projects now sold to Schroders Greencoat as our strategic investment partners, contributing significantly towards our goal of delivering the UK’s Net Zero target. We look forward to working closely together as we build on our shared ambitions.”

He also extended his appreciation to TLT LLP and other project partners for their unwavering support throughout the sales process. 

Matt Yard, Co-Head of Solar & Storage at Schroders Greencoat, emphasized the project’s importance, stating:
💬 “We are delighted to be partnering with Innova on yet another exciting solar project in the UK, which will go into construction this year in Oxfordshire. The CfD-backed project underscores our commitment to delivering long-term, inflation-linked returns for our investors while also accelerating the UK’s transition to a low-carbon future.”

This acquisition is a shining example of Schroders Greencoat’s strategy of investing in locally-focused, sustainable infrastructure. Notably, six Local Government Pension Schemes (LGPS) – Avon, Cornwall, Devon, Gloucestershire, Oxfordshire, and Wiltshire (all members of the Brunel Pension Partnership) – have invested in the project through the Schroders Greencoat Wessex Gardens fund

The Road Ahead for UK Renewables

The sale of the Ducklington Solar Array is more than just a transaction—it’s a crucial step in scaling up renewable energy across the UK. As the country moves closer to its Net Zero targets, strategic partnerships like this will play a pivotal role in driving investment, creating green jobs, and securing a cleaner, more sustainable energy futureStay tuned as Innova and Schroders Greencoat continue to energize the UK’s transition to renewables!

#RenewableEnergy #SolarPower #SustainableInvestment #NetZero #GreenFuture #ClimateAction #CleanEnergy #UKSolar #EnergyTransition

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