Battery-backed solar pipeline in the works
Banking firm Green Investment Group (GIG) and British energy company Enso Energy have formed a joint venture to launch a series of combined solar and battery storage power plants across the UK, with a potential 1GW of combined output - enough to power around 725,000 average homes.
The extensive pipeline of solar projects is entirely subsidy-free and will be backed by power purchase agreements (PPAs) with UK businesses.
Projects across England and Wales are currently being submitted for planning approval, while virtual consultations are taking place to gauge local views.
Edward Northam, head of Green Investment Group Europe, said to BusinessGreen, “The UK's solar market holds huge potential to create green jobs and help the UK get closer to its aim of becoming a net zero economy.
“By combining GIG's deep technical and financial capabilities with Enso's highly experienced development team, our partnership has the skills and expertise to unlock that potential, bringing low-cost, low-carbon power to communities right across the UK."