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    Schroders Greencoat, Innova JV buys 22.6-MWp solar project in UK

    September 19, 2023 - SeeNews Renewables


      September 19 (Renewables Now) - Solar and storage developer Innova Renewables announced today that it has sold a 22.6-MWp solar farm project in eastern England to its recently established joint venture with a unit of renewables-focused investment manager Schroders Greencoat LLP.

      The Manor Farm located near Skegness, Lincolnshire marks the second acquisition for ISG Renewables which Innova and Greencoat UK Solar set up in April with the ambition to build a 5-GW renewable energy portfolio over the next three to five years.

      The development and construction of the solar site, which is scheduled to be commissioned later in 2023, is managed by Innova.

      "The acquisition of Manor Farm, and of Carn Nicholas earlier this year, provide a firm foundation on which to deliver on these investment objectives as well as UK Government targets of 70 GW of solar by 2035," said Matt Tingle, investment director at Schroders Greencoat.


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