SDCL Energy invests in 69 MW bundle of UK wind, solar, hydro assets
SDCL Energy Efficiency Income Trust Plc (SEEIT) has entered into a deal with United Utilities Group PLC (UUG) to purchase a 69 MW portfolio of operational on-site solar photovoltaic projects worth around GBP100 million (US$118.7 million).
The assets, spreading across 70 sites in the Northwest of England, deliver on-site generated renewable energy directly to United Utilities Water Limited (UUW), the end consumer. UUW is the UK-listed water and wastewater company UUG operates.
In terms of overall generation, the renewable portfolio is made up of 90% solar PV, 9% wind, and 1% hydro. The portfolio benefits from long-term contracted cashflows and will start producing cash as soon as the assets are put to use.
The transaction, to be financed from SEEIT’s existing resources, is subject to customary approvals and is expected to be finalized in the next few months.
Country updates
-
-
July 05, 2022
Bath and North East Somerset Council approves development of 15 MW Marksbury Plain Solar Farm project
The planning committee of Bath and North East Somerset Council has granted Renewable Connections a development approval for the construction of the 15 MW Marksbury Plain Solar Farm project in southwes...
Read more -
July 05, 2022
Contract issued for Direct Wire Solar PPA for STFC
The UK Research & Innovation has announced its plans to launch procurement for a contract to provide electricity via direct wire (behind the meter) solar PPA for the STFC. STFC is seeking t...
Read more -
July 04, 2022
Greencoat completes acquisition of 37.8 MW Twentyshilling wind project from Statkraft
Greencoat UK Wind Plc, a renewable energy fund managed by Greencoat Capital LLP, has completed the acquisition of the 37.8 MW Twentyshilling onshore wind farm located in Scotland, UK from&nb...
Read more -
July 01, 2022
Scotland government o launch new Emerging Energy Technologies Fund
The Scotland government has launched an Emerging Energy Technologies Fund (EETF) Hydrogen Innovation Scheme. The GBP10 million (US$12.1 million) fund is designed to support the development a...
Read more -
June 30, 2022
Wartsila to provide 100 MWh energy storage system for SSE project
Wärtsilä Corp has partnered with the low carbon energy provider SSE to supply a 50 MW/100 MWh energy storage system in Salisbury, Wiltshire, England, UK. The battery will be directly c...
Read more
